Germany’s cartel office has approved the establishment of a joint venture between Rheinmetall and Italy’s Leonardo, as announced in a statement on Monday. The collaboration, initiated last October, aims to develop and manufacture military combat vehicles, marking a significant step toward consolidating the European defense sector. Cartel office president Andreas Mundt emphasized the importance of both companies in the defense industry but noted no competition concerns arose from the joint venture. The approval was granted quickly, reflecting the strategic significance and compatibility of the partnership. This development highlights ongoing efforts to strengthen European defense capabilities through collaboration.
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