26 October 2023
by Nicholas Fiorenza
Rheinmetall Ukrainian Defense Industry could produce armoured vehicles like the Fuchs (pictured), starting with the assembly of kits. (Rheinmetall)
Rheinmetall and Ukrainian Defense Industry (UDI) joint-stock company (formerly Ukroboronprom) have established a joint venture in Kyiv, Ukrainian Prime Minister Denys Shmyhal told the German-Ukrainian Business Forum held in Berlin on 24 October. Rheinmetall said in a press release the same day that Rheinmetall Ukrainian Defense Industry is jointly owned by Rheinmetall Landsysteme with a 51% stake and UDI with the remaining 49%, and that the joint venture has been operating since 18 October, although the two companies began strategic co-operation in May.
The Bundeskartellamt, Germany’s Federal Cartel Office, approved the joint venture on 28 September, followed by the necessary agency approval in Poland and Ukraine.
Initially operating in Ukraine, the joint venture will repair, conduct maintenance, assemble, produce, and develop military vehicles. It will be based in Kyiv and initially operate only in Ukraine.
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