Rheinmetall completes acquisition of Loc Performance in the USA ...
Dec 2, 2024 · Rheinmetall AG has now completed the takeover of the U.S. company Loc Performance Products, LLC. The Düsseldorf-based technology group announced the purchase of the renowned vehicle specialist based in Plymouth, Michigan, in August 2024.
Rheinmetall completes acquisition of US vehicle specialist Loc ...
Dec 2, 2024 · Germany’s Rheinmetall announced on 2 December 2024 that it has completed the takeover of the US company Loc Performance Products LLC, which will now operate under the name American Rheinmetall Vehicles.
Rheinmetall Expands Presence in US Defense Market With $950M ...
Dec 3, 2024 · The purchase of Loc Performance Products grants Rheinmetall a 160,000-square-meter production space, with the potential to further expand in the future. Loc Performance Products, founded in 1971 ...
Agreement to takeover US vehicle specialist Loc Performance
On 13 August 2024 Rheinmetall has signed an agreement to acquire all equity interests in Loc Performance Products, LLC, a renowned vehicle specialist based in Plymouth, Michigan.
News - Loc Performance
Loc Performance CEO Lou Burr Interviewed by Max Armstrong for "Best of Farm Progress Show" on Loc's Expansion into Agricultural Business. Loc Invests $17M in Equipment for St. Marys, Ohio Facility. Investment will increase production capacity …
Dec 2, 2024 · The acquisition of Loc Performance Products, LLC strengthens and expands Rheinmetall’s presence in the U.S. market, engraining its place in the U.S. defense industrial base, and reinforcing its commitment to the U.S. Department
Rheinmetall completes strategic acquisition of Loc Performance Products
Dec 2, 2024 · “The acquisition of Loc Performance Products proves that we are consistently focusing on success in the USA and want to expand our share of the large market volume,” Papperger added. Rheinmetall will integrate Loc’s capabilities into its global supply chain while ensuring 100% local value creation for its U.S. customers.
Rheinmetall locks in $950 million purchase of US company to …
Dec 3, 2024 · The deal was closed on 29 November and the agreed purchase price was based on an enterprise value of US$950 million with Loc Performance Products now coming under ARV. The US company is a substantial operation with of 160,000m 2 of production space and, according to Rheinmetall, “with considerable capacity for future expansion”.
Rheinmetall AG: Strategic acquisition in the USA - eqs-news.com
Aug 13, 2024 · Rheinmetall has today (August 13, 2024) signed an agreement to acquire all equity interests in Loc Performance Products, LLC, a renowned vehicle specialist based in Plymouth, Michigan.
Rheinmetall buys Loc Performance as it looks to expand in US …
Aug 13, 2024 · Rheinmetall will take over U.S. military vehicle supplier Loc Performance in a $950 million deal, the German defence group said, with an eye to improving its chances of scoring orders worth...
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