(IN BRIEF) ARTEC GmbH, a joint venture involving Krauss-Maffei Wegmann, Rheinmetall Landsysteme, and Rheinmetall Defence Nederland, has established a subsidiary called ARTEC Boxer UK Ltd. This UK-based subsidiary, wholly owned by ARTEC GmbH, will be responsible for providing service and maintenance support for the Boxer armoured transport vehicle to the British Army. It will also pursue export opportunities for the Boxer vehicle, aiming to expand its market share in the UK service sector and the global market for highly protected 8×8 vehicles. The agreement to establish ARTEC Boxer UK Ltd was finalized during the DSEI defence show in London.
(PRESS RELEASE) DÜSSELDORF, 4-Oct-2023 — /EuropaWire/ — Rheinmetall AG (ETR: RHM), a German integrated technology group active in the automotive and defence industries, announces that shareholders of ARTEC GmbH, namely Krauss-Maffei Wegmann GmbH & Co. KG, Rheinmetall Landsysteme GmbH, and Rheinmetall Defence Nederland B.V., have come together to establish ARTEC Boxer UK Ltd, a new subsidiary headquartered in the United Kingdom.
As a wholly owned subsidiary of ARTEC GmbH, ARTEC Boxer UK Ltd is dedicated to overseeing operational activities in the UK, with a primary focus on delivering service and maintenance support for the Boxer armoured transport vehicle to the British Army. In addition to servicing the British Army’s needs, the subsidiary will actively pursue export opportunities for the Boxer vehicle.
ARTEC Boxer UK Ltd aims to achieve several key objectives, including expanding its presence in the UK service sector and making significant strides in the global market for highly protected 8×8 vehicles.
The agreement to establish ARTEC Boxer UK Ltd was formalized during the DSEI defence show held in London, marking a significant step forward in enhancing support for the Boxer armoured transport vehicle.
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SOURCE: RHEINMETALL AG
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