Weapons manufacturer: power struggle for Heckler & Koch terminated

Heckler & Koch has a new owner. After almost two years of testing by the Federal Ministry of economy, the Luxembourg-based financial holding company, Compagnie

Weapons manufacturer: power struggle for Heckler & Koch terminated

Heckler & Koch has a new owner. After almost two years of testing by the Federal Ministry of economy, the Luxembourg-based financial holding company, Compagnie de Développement de l'eau (CDE) has this to Say in the medium-sized company with about 900 employees. The CDE, behind which the French Investor and Fund Manager Nicolas Walewski's, increased its share from 5.1 percent to about 60 percent, as the financial holding company said. She is already committed for 2015 in the company Heckler& Koch, the until now, the German financial investor Andreas the majority Heeschen held. Waleswski and Heeschen moved first together on a strand, developed in the course of time a quarrel between the two men. Was last held at the annual General meeting of the company, which is listed with a minimum share on the stock exchange is open.

Heeschen had last December against the resistance of the CDE representatives in the Supervisory Board choose. Against this and other resolutions of the Assembly, the CDE complains before the regional court of Stuttgart. The challenge remains, said a spokesman for the financial holding company. You Heeschen had pledged once 10 million shares for a loan. The CDE received the shares. Your Board of Directors member Walewski said in a message: "the H&K is a German company with headquarters in Oberndorf." This is obviously been an important commitment for the Federal Ministry of economic Affairs. From the home of Peter Altmaier (CDU) said that the government has ensured in their agreement that "the essential security interests of Germany, be maintained".

tender for new assault rifles for the armed forces

The economic policy spokesman of the FDP group in the Bundestag, Reinhard Houben, said it was now hoped that the company will come to rest. It is an important supplier for the German police and the Bundeswehr. It is good that a European solution had been found. Immensely important for Heckler&Koch at least 250 million euros worth tender for new assault rifles in the Bundeswehr. The medium-sized company, produced standard rifle G36 is to be decommissioned, and against a modern version replaced. Heckler & Koch seems to have good cards, the opponents Sig Sauer and Rheinmetall (with Steyr Mannlicher) are dropped out from the race.

The competitors Haenel from Suhl in Thuringia is in accordance with previous data is probably still here, industry experts give him little chance. The company has always been one of the most important suppliers of the German army. There is a report of the "mirror" to be dissatisfied with the armorers. In the case of an order of 1705 guns of the type G95K for the special forces command (KSK) complain of the Ministry of defence in a confidential report in mid-June, a "delivery delay of eight months due to quality defects in series production by the manufacturer".

A spokesman for Heckler & Koch said at the weekend: "it is true that it took a little longer than we had originally planned to have the claims of the SFC to the weapon to implement it. On the causes of the delay, we are in dialogue with the procurement Agency of the Bundeswehr. But, to stress it again: There is no Problem with the weapon.“ It will expected to be delivery of the weapons to the SFC in the course of the second half of the year. In 2015, the defense Department and the companies had argued before the court on the G36 for months. The justice certified the company at the time that the assault rifle had no flaws.

Only weapons to not corrupt Nato States

the chief Executive officer of Jens Bodo Koch said that Heckler & Koch had "a large interest on a clear and stable ownership relations". With a strong financial and long-term majority shareholder, the economic stability of the H&K is now given in the long term. He is pushing ahead with the new course that his predecessors had initiated.

Updated Date: 19 July 2020, 17:19

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