US EditionEuropean Defence Group Knds Plans Dual Listing in 2026
KNDS aims to raise funds through a dual IPO on Frankfurt and Paris exchanges to boost industrial capacity and innovation amid rising European defense sector valuations.
- On Wednesday, KNDS, the Amsterdam-based French-German defence group, said its board of directors will continue preparations for a 2026 IPO, subject to market conditions.
- To finance growth, KNDS said the public listing will expand access to capital markets and allow investment in industrial capacity, technology and talent, CEO Jean-Paul Alary said.
- KNDS plans dual listings in Frankfurt and Paris and appointed Christian Schulz to the board at the start of 2026, replacing Werner Frank; it was formed in 2015 by Nexter Systems and Krauss-Maffei Wegmann , with each owner holding 50%.
- Market momentum has seen shares in Europe's defence firms surge since 2022, and KNDS's 2024 revenue rose 17% to €3.8 billion amid rivals' gains.
- Chairman Tom Enders added that order books diverge sharply, with KNDS France at 6 billion and KNDS Deutschland at 14.9 billion at the end of 2024.
17 Articles
17 Articles
KNDS Targets Dual IPO to Fuel European Defence Ambitions
Franco-German defence giant KNDS plans a dual IPO in Paris and Frankfurt to capitalize on investor interest. The move is part of its strategy for long-term growth and enhanced capital access. Formed from Krauss-Maffei Wegmann and Nexter, KNDS expects to further invest in industrial capacity and technology.
The manufacturer of KNDS armoured vehicles, the result of a collaboration between France and Germany, is about to take a decisive step in its development. Indeed, the company envisages an introduction to the stock exchange in 2026, with a double listing in Paris and Frankfurt, depending however on market conditions. This strategic manoeuvre aims to provide KNDS with a more flexible and responsive structure, essential to support its investments i…
The board of directors of the Franco-German tank manufacturer, which is the cornerstone of European land-based armaments, has given its agreement to a further step towards an introduction to the stock exchange next year. However, nothing is yet acquired.
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