In December 2015, Nexter and Krauss-Maffei Wegmann (KMW) announced the completion of their association and the creation of a new joint holding company – KNDS – which, many say, could trigger a wider consolidation in the sector of land defence systems in Europe. To find out more about the strategy behind the transaction and its wider impact on the defence industry landscape, European Defence Matters spoke to Stéphane Mayer, CEO of Nexter and co-CEO of the newly created KNDS.
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