Germany's Rheinmetall to acquire driveline supplier Loc Performance in $950 million deal

Chief Executive Armin Papperger — Rheinmetall CEO Armin Papperger (BLOOMBERG)

By:

Reuters

August 14, 2024 10:06 AM

DUSSELDORF, Germany — Rheinmetall Group plans to acquire driveline supplier Loc Performance in a $950 million deal, the German defense group said, with an eye to improving its chances of scoring orders worth billions.

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