Rheinmetall has established a new subsidiary, Rheinmetall Resonant South Africa (Pty) Ltd. Upon receiving approval from the relevant authorities, Rheinmetall Waffe Munition GmbH now holds a 51% stake in the newly founded joint venture Rheinmetall Resonant South Africa (Pty) Ltd. The joint venture takes over almost all of the assets of Resonant Holding and its subsidiaries. ▶️ The remaining 49% is held by the existing shareholders of Resonant Holding. ▶️ The new company expects sales potential of more than €100 million per year. The parties have agreed not to disclose the purchase price. With the establishment of the new subsidiary, Rheinmetall is further expanding its range of services to create additional production capacity. ▶️ This is Rheinmetall’s response to the growing global demand for ammunition. The indepth vertical integration positions the Group even stronger in terms of independent planning, construction and operation of production facilities for chemical precursors such as propellants and explosives.