Brussels, 4 March 2024
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture (UAB Lithuanian Defense Services) by Rheinmetall AG of Germany and KNDS N.V. of the Netherlands.
The transaction relates primarily to the defence sector, in particular to the supply of maintenance services and spare parts for military vehicles.
The Commission concluded that the notified transaction would not raise competition concerns, given that the joint venture has negligible activities in the European Economic Area. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11390.
Source – EU Commission