Thales and Diehl signed an agreement on the formation of Junghans Microtec combining their expertise in ammunition electronics and precision mechanics to establish one of the world’s leading fuze suppliers.

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The company will specialize in the development, production and marketing of ammunition fuzes and safety devices. Following approval by the anti-trust authorities, the corporate division Diehl VA Systeme and Thales subsidiary TDA will hold 51% and 49% of the company shares respectively.

Junghans Microtec will concentrate its resources at La Ferté Saint Aubin, France, and at its new headquarters in Duningen-Seedorf, Germany, where Diehl is currently investing in the expansion and modernization of its facilities. With initially 350 employees, the new company intends to achieve annual sales of €70 M.