Rheinmetall takes over the operational business of IBD Deisenroth Engineering GmbH. Following the recent completion of the contracts, the transaction is expected to take effect on June 1, 2019. Rheinmetall thus complements its expertise in protecting military vehicles and rounds off its portfolio as a system provider for the land forces. Deisenroth is a globally renowned provider of passive protection systems, especially for military vehicles.
There have been close contacts between Rheinmetall and Deisenroth for a long time. Rheinmetall Chempro emerged from the Deisenroth subsidiary Chempro and has been a joint venture between Rheinmetall (51 percent) and Deisenroth since 2007. ADS Gesellschaft für aktiv Schutzsysteme mbH, founded jointly in 2007 by Deisenroth (75 percent) and Rheinmetall, now operates under the name Rheinmetall Active Protection GmbH, in which Rheinmetall has held 74 percent of the shares as the majority shareholder since 2011 and the Deisenroth family has held 26 percent.
In the past, IBD Deisenroth has founded a number of international subsidiaries for better marketing and proximity to customers abroad. These include, among others, the Engineering Office Deisenroth Canada (EODC) in Gloucester, the Engineering Office Deisenroth Hellas (EODH) in Thessaloniki and Åkers Krutbruk Protection AB in Åkers Styckebruk, Sweden.
In the past, IBD Deisenroth has equipped a large number of combat vehicles of all sizes - from 4×4 wheeled vehicles to heavy battle tanks - as well as trucks in almost all major countries with protective elements. Many of these are in direct competition with Rheinmetall products. It will be interesting to see whether this results in conflicts and how they are resolved.
Gerhard Heiming
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