PDF [1.6 MB] - Kolbenschmidt Pierburg AG

Newsline
Rheinmetall Defence with its new organization – providing a streamlined system portfolio tailored to global markets.
Düsseldorf. Reorganized into six independent
business units – Land
Systems, managed by Klaus Sander;
Weapon and Munitions, Achim Papperger;
Propellants, Beat Steuri; Air
Defence, Bodo Garbe; C4ISTAR, Luitjen
Ennenga and Simulation and
Training, Ulrich Sasse – Rheinmetall
Defence has streamlined its system
portfolio and will raise its profile on
national and international markets.
The business units that are responsible
for their sales and P&L – as companies
within an (overall) company –
now combine the extensive product
portfolio of Rheinmetall Defence with
a clear focus on market aspects.
IAI + Rheinmetall
team up for Wabep
Paris/Düsseldorf. In the presence of
Dr. Peter Eickenboom, State Secretary
in the Federal Ministry of Defence, and
his Israeli counterpart, Pinchas Buchris,
representatives of Israel Aerospace Industries
Ltd. (IAI) and Rheinmetall Defence
signed a far-reaching agreement
at the Paris Airshow. The two firms are
cooperating closely in the development
of a reconnaissance and strike system
network using loitering munition (LM)
assets of the latest generation for operational
ground forces. Within the scope
of this network, an integrated capability
to precisely locate and engage specific
targets will be achieved. The alliance
between IAI, distinguished by longstanding
experience with loitering attack
systems, and Rheinmetall De-
Rheinmetall’s Technical Publications
unit which specializes in TechPubs for
military aviation, army systems/air vehicles
and commercial aircraft will be
managed as an independent company
in future. A brief comment on the role
and function of Rheinmetall Defence in
future: The executive board of Rheinmetall
Defence will concentrate even
more strongly on the strategic orientation
of the group’s defence arm, will
manage the business units and national
portals (Canada, Italy, Greece) strategi-
fence, milestone to establish joint activities
for new market opportunities
and to combine the expertise from the
two firms to the benefit of the customers.
As the first program of the
new cooperation, the companies
plan to implement a weapon system
for standoff-capable engagement of
single and pinpoint targets (German
abbreviation: Wabep), as desired for
procurement by the Bundeswehr. The
Wabep project envisages a network
consisting of the tactical reconnaissance
system KZO by Rheinmetall
Defence acting together with Loitering
Munitions offering strike capabilities
by IAI. The two system elements
(KZO and LM) are networked and deployed
as an integrated system. The
open system architecture will also allow
networked solutions in conjunction
with both current and future reconnaissance
and effector elements.
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cally and coordinate their interests.
The business units and national portals
– each being responsible for their
sales and profits – will develop strategies
for their target markets, define
their business focus on defined market
System portfolio focused
segments, develop and tap sales markets
and act as innovation drivers. The
legal entities (companies) will provide
the necessary infrastructures and supply
administrative support and shared
services that may be used by several
business units.
KSPG: Squeeze
out now resolved
Stuttgart/Neckarsulm. Kolbenschmidt
Pierburg AG’s extraordinary
general meeting resolved on
June 26, 2007, in Stuttgart to transfer
to majority stockholder Rheinmetall
all shares owned by minority
stockholders. In return for a
€ 36.76 cash compensation per
no-par share, the remaining free
float of some 2.4 percent of Kolbenschmidt
Pierburg stock will be
transferred to Rheinmetall Berlin
Verwaltungsgesellschaft mbH. Once
the squeeze-out resolution has
been entered into the Company’s
Commercial Register, Kolbenschmidt
Pierburg AG will cease to be
listed but continue to operate in the
legal form of a stock corporation.
Composing: René Dahlmanns