KNDS, a French-German tank builder, plans to list its shares on the Paris and Frankfurt stock markets. The operation will see existing shareholders selling about 20% of the company to institutional investors, while Germany will buy a 40% stake.
The company targets revenue growth of around 30% in 2026, after posting sales of €4.4 billion and operating profit of €661 million in 2025.
The listing is a significant development for KNDS, which is a strategic asset for both France and Germany as the supplier of main battle tanks and self-propelled artillery. The company is also leading the development of the future Main Ground Combat System.
