Aimed at Digital Transformation Programmes
Rheinmetall, 4iG Plc and HM Electronics, Logistics and Property Management PCLS have agreed to establish a joint venture, with 51/39/10% shareholdings respectively, to address the digitalisation programmes of the Hungarian and other Central and Eastern European armed forces, the companies announced on 16 May.
The company is expected to start operations in the second half of this year and will develop and market digitalisation systems, including training and simulation systems for military applications. Rheinmetall will act principally as the technology provider, HM El has a track record in IT and systems integration, as well as tactical combat management, and 4iG has wide expertise in cyber defence and development as well as IT and telecommunications.
“The joint venture, majority owned by Rheinmetall, will be an integral part of our future digitalisation strategy for the defence industry. The main objective of the cooperation is to support the strategic efforts of Hungary and the Central and Eastern European countries in the digitisation of their armed forces and the achievement of the highest level of NATO compatibility. The location of the company also represents our special commitment to Hungary as a business location,” explained Rheinmetall CEO, Armin Papperger.
Rheinmetall acquired a 25% stake in Budapest-headquartered 4iG in January, laying the foundations for a long-term cooperative partnership.