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    Home > Finance > German cartel office approves Rheinmetall, Leonardo joint venture
    Finance

    German cartel office approves Rheinmetall, Leonardo joint venture

    Published by Global Banking & Finance Review®

    Posted on January 20, 2025

    1 min read

    Last updated: January 27, 2026

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    Tags:partnershipjoint ventureinnovationfinancial community

    Quick Summary

    Germany's cartel office approved a joint venture between Rheinmetall and Leonardo, focusing on military vehicles, with no competition concerns.

    Germany Approves Joint Venture Between Rheinmetall and Leonardo

    BERLIN (Reuters) - Germany's cartel office approved the establishment of a joint venture between the Duesseldorf-based Rheinmetall and Italy's Leonardo, the regulator said in a statement on Monday.

    "Rheinmetall and Leonardo are undoubtedly two important defence companies. Nevertheless, the establishment of the joint venture did not give rise to any competition concerns and could be cleared quickly," said office president Andreas Mundt.

    Leonardo and Rheinmetall launched the joint venture last October to develop and manufacture military combat vehicles, in a key step for consolidation in the European defence sector.

    (Writing by Miranda Murray, Editing by Rachel More)

    Key Takeaways

    • •Germany's cartel office approved the joint venture.
    • •Rheinmetall and Leonardo are major defence companies.
    • •No competition concerns were identified.
    • •The joint venture focuses on military combat vehicles.
    • •This move supports European defence sector consolidation.

    Frequently Asked Questions about German cartel office approves Rheinmetall, Leonardo joint venture

    1What did Germany's cartel office approve?

    Germany's cartel office approved the establishment of a joint venture between Rheinmetall and Leonardo.

    2What is the purpose of the joint venture?

    The joint venture aims to develop and manufacture military combat vehicles, marking a significant step for consolidation in the European defence sector.

    3Did the joint venture raise any competition concerns?

    No, the establishment of the joint venture did not give rise to any competition concerns, allowing for a quick clearance.

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