Hamburg – Norwegian company Nammo Raufoss AS and German company Diehl Defence GmbH & Co. KG have established a joint venture for the joint development and production of 155 mm artillery ammunition. The joint venture was formed in connection with a large-scale procurement project for the German Armed Forces and is intended to facilitate the production of ammunition in Germany. Nammo is contributing its technology and intellectual property, whilst Diehl is setting up a production facility in Germany and will take charge of manufacturing. The project has been approved by the German Federal Cartel Office and is regarded as an important contribution to strengthening European defensive capabilities and security of supply.
A CMS team led by Dr Eckart Gottschalk provided Nammo Raufoss with comprehensive advice on the structuring, establishment and execution of the joint venture. In particular, this included competition law advice on the merger at both German and European level, corporate law issues relating to the structure of the joint venture, regulatory and foreign trade law aspects, as well as complex tax law matters. In addition, CMS provided support in liaising with the authorities, drafting and negotiating the relevant joint venture and shareholders' agreements, and coordinating cross-border cooperation. Alongside CMS in Germany, teams from CMS in Norway and Austria as well as the EU law office in Brussels were also involved in the mandate.
Nammo, headquartered in Raufoss, Norway, is one of Europe's leading manufacturers of ammunition and defence systems. Among other things, the company develops and produces ammunition for land, air and naval forces, as well as propulsion systems for the aerospace industry. Nammo has a strong international presence and supplies armed forces and government agencies in numerous NATO and partner countries.
Diehl Defence is part of the Diehl Group and is an internationally operating defence industry company based in Überlingen. Among other things, the company develops and manufactures air defence systems, guided missiles, ammunition, and protection and training systems for armed forces worldwide. With its technological expertise and many years of experience, Diehl Defence is one of the more established partners in national and international security and defence programmes.
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