KNDS Group announces that it has entered into exclusive negotiations

On January 29, 2025, KNDS and Texelis signed a Memorandum of Understanding (MOU) concerning the proposed acquisition by KNDS France of Texelis' Defence business.

Under this agreement, the two parties announce that they are entering into exclusive negotiations to carry out this transaction, which will require the separation of Texelis into two companies - Texelis Défense and Texelis Transport.

Information and consultation of employee representative bodies on this project are scheduled to take place in the next few days. The completion of this transaction, expected by the end of 2025, remains subject to the finalization of agreements and the usual condition’s precedent for this type of transaction.

Texelis is a French company whose defence business specializes in land mobility and the design of innovative solutions for armoured land vehicles. Texelis is a major player in the French defence industry, producing numerous parts and mobility components for the French Army armoured vehicles. Since winning the SERVAL contract with KNDS France, Texelis has been able to develop, qualify and produce complete mobility solutions for four-by-four, six-by-six, and eight-by-eight vehicles.

An innovative company, Texelis is at the forefront of hybridisation for armoured vehicles and energy management applied to mobility.

Texelis' Transport business would remain under the control of its management team, with the support of its investors.

Texelis employs 350 people and generated sales of around 110 million euros in 2023. In addition to its production site in Limoges, Texelis already has a branch at the KNDS France site in Roanne.

"This structuring project will enable us to strengthen our growth and increase our skills in the mobility field, with a high-performance French company that we know well and that is already our partner in the temporary business venture Serval," said Nicolas Chamussy, CEO of KNDS France.

Charles-Antoine de Barbuat, Chairman of Texelis, commented: "The future integration of Texelis' defence business into the KNDS group would open up numerous growth prospects, beyond the initial success of the collaboration. In addition, the Transport business has all the assets needed to pursue its development independently".KNDS France's proposed acquisition