Dimanche 18 Juin @ VIPress.netThales and Diehl consolidate fuze business
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.
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.
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