The German federal government has reached an agreement with the owner families about joining the tank manufacturer KNDS. After the defense company’s planned IPO, Germany and France will each hold 40 percent of KNDS. “Germany’s participation in KNDS will ensure long-term influence on a company that is strategically important for European security and defense capability,” a government spokesman explained this step on Monday. It’s about being on an equal footing with France at KNDS. In addition, Germany is thereby securing the production of the tank manufacturer in the country and its own security interests. The budget committee of the German Bundestag still has to approve the entry.
