Rheinmetall CFO says complementary acquisitions possible in auto parts and defense
Rheinmetall, the listed German automotive parts and military technology company, may make acquisitions in both its fields, according to an interview published in Boersen-Zeitung.
Toward the end of a conversation with the German-language daily, Chief Financial Officer Helmut Merch said that in principle, the company can look at making buys in both its business areas. He said acquisitions would need to satisfy two criteria: provide access to a new market and enable the company to round out its product portfolio or increase its vertical integration.
Asked whether a larger deal rather than a complementary acquisition could be considered, he said Rheinmetall needs to keep in mind its financial conditions.
He said the company has done well in the past by focusing on small and midsized takeovers.
In the past ten years, Merch said, Rheinmetall has made almost 20 acquisitions in the defence area with volumes between EUR 10m and EUR 100m.
Source Boersen-Zeitung