Auterion says Rheinmetall stake to boost drone software group's growth [Yahoo! Finance Canada]
RHEINMETALL AG UNSP/ADR (RNMBY)
NASDAQ:AMEX Investor Relations:
rheinmetall.com/en/rheinmetall_ag/corporate_social_responsibility/stakeholder_2/investoren_2/index.php
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Source: Yahoo! Finance Canada
DUESSELDORF, Germany (Reuters) -Auterion CEO Lorenz Meier said having German defence player Rheinmetall on board as a "significant" shareholder ?in the U.S.-based drone software firm would help it grow its order book,? adding that it would not lead to a full takeover. Auterion already provides software for some Rheinmetall drones and the direct investment,? which was announced this week, is a way to strengthen collaboration, Meier told Reuters. He did not disclose the exact size of Rheinmetall's stake, which while "significant", was not a blocking minority. "We're incredibly pleased with this honour, especially in the German market," said Meier, ?adding that closer ties between the two ?firms could help Auterion win more contracts. STRONG COLLABORATION, NOT TAKEOVER Rheinmetall CEO Armin Papperger told analysts on Tuesday that the defence firm had bought Auterion shares, without ?giving any additional details. Meier said Rheinmetall, which sees mergers and acquisitions as
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