Rheinmetall AG plans to acquire Loc Performance Products, LLC for $950M to expand US presence and enhance production capacities.

Rheinmetall AG, a German defense company, is set to acquire Loc Performance Products, LLC, a US-based vehicle specialist, for $950 million. The deal aims to expand Rheinmetall's presence in the US defense market, increase its industrial base in the US, enhance its production capacities for major orders, and gain access to Loc Performance's technologies in North America. The acquisition is subject to regulatory approvals.

August 13, 2024
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