The transaction is to take effect on 1 June 2019.
The buyout reinforces Rheinmetall’s position as a major supplier of advanced defence technology to the ground forces of Germany, its allies and other likeminded nations.
IBD Deisenroth Engineering is a world-renowned supplier of passive protection systems, principally for military vehicles. The company has around 120 employees. Sales last year came to roughly €35 million.
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