Armoured vehicle makers merge to shelter from economic tidal wave
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Last month we reported that the armoured vehicle mid-market was set for a wave of consolidation as too many firms hanker over too few contracts. Today it looks like Reneault Trucks Defence (RTD) is the latest company to be linked to a mega-merger after a report in Defense News says a ‘now or never’ deal with a European vehicle maker is on the table.
Gêrard Amiel, Executive Chairman of Renault Trucks, told Defense News that the deal will double annual sales to €700 million (&...
