KNDS, a Franco-German defense supplier, is considering an IPO next year, with the German government potentially taking a stake. Talks with Germany include acquiring a blocking minority. The company formed in 2015 and may seek funds for acquisitions. European defense firms benefit from increased military spending post-Russia’s invasion of Ukraine.

CEO Alary suggests an IPO could attract European reference shareholders and finance acquisitions. A setback in the bid for Iveco Defence won’t deter KNDS from expanding into Italy. Potential investors exclude Rheinmetall, Airbus, and Thales. KNDS plans to name a new chairman and utilize French factory capacity for German weapons.

Legal requirements complicate merging KMW and Nexter legacy weapons. Plans for joint main battle tank production could materialize between 2032 and 2035. Alary emphasizes the need for authorities’ clearance.

Read more at Yahoo Finance: Tankmaker KNDS to decide on IPO within months, Germany could take stake, CEO says