KMW acquires majority stake in FWH Stahlguss GmbH

Long-term safeguarding of steel casting in Germany

Pressemitteilung | Reading time: min

FWH Stahlguss GmbH from Mülheim an der Ruhr, which took over the business operations of the insolvent Friedrich-Wilhelm-Hütte in 2021, is a leading manufacturer of cast steel.

High demands in the construction of tank systems

The high quality of its products is a key feature of the company performance. This quality is also crucial in the construction of armour systems. Due to the difficult financial situation of FWH after its continuation from insolvency, especially in the current situation of dramatically rising energy prices and also in view of the importance of production for the coming challenges in the field of armaments, KMW is assuming responsibility for FWH in order to secure the production of high-quality steel castings in Germany in the long term.

Subject to the necessary official approvals, the owners of FWH and KMW have agreed that KMW will take over 80% of the shares in FWH. Both parties have the common goal of continuing the production of high-quality steel castings for the needs not only of KMW, but of all interested customers of FWH. KMW therefore expressly welcomes the fact that FWH's management is making a significant commitment in this regard.

About KMW

Krauss-Maffei Wegmann, a company of the German-French defense technology group KNDS, is the market leader in Europe for highly protected wheeled and tracked vehicles. At locations in Germany, Brazil, Greece, Great Britain, Singapore, Hungary and the USA, more than 4,000 employees develop, manufacture and support a comprehensive product portfolio. This ranges from air-transportable and highly protected wheeled vehicles to reconnaissance, air defense and artillery systems to battle tanks, infantry fighting vehicles and bridge laying systems. These also include command and information systems as well as remote-controlled mounts with reconnaissance and observation equipment. In addition, KMW has extensive systems expertise in the fields of civil and military simulation. The armed forces of more than 50 nations worldwide rely on KMW's mission systems.