According to a source familiar with the matter, the marriage between the two manufacturers of armored vehicles could be announced in the second half of July. This operation would create a group realizing 400 million euros in turnover.
The merger between the two manufacturers of armored let land platforms, Panhard and Renault Trucks Defense, took a little late. A priori, no worries. Expected by the end of June boss Panhard, Christian Mons, an announcement could finally be made "in the second half of July," says one to "latribune.fr". "Discussions are progressing well but all legal and technical terms of the transaction are not yet complete," says a source familiar with the matter, believes that the transaction is completed "95%". It is also discussions on the value of Panhard related to its backlog.
Nexter in the viewfinder
If both groups were able to agree, this operation would create a group with annual sales of just over 400 million euros. Which would place him behind Nexter (851 million). RTD expects a turnover of 700 million euros in turnover by 2015, against 300 million euros in 2011, said mid-June to land defense exhibition Eurosatory CEO Gerard Amiel. The subsidiary of Sweden's Volvo displayed a backlog of 1.2 billion euros, of which two-thirds in France. "The next logical step is to look at Nexter but this is just one among many goals," announces a source familiar with the matter. Because with 400 million euros in turnover, the new entity would still be far from the German Rheinmetall (2.1 billion in defense) or Krauss-Maffei Wegmann (900 million in 2010), not to mention BAE Systems and other General Dynamics.
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