Login
iscover
The companies have agreed to collaborate to support the digitisation of defence capability in Europe.
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
A preliminary agreement to set up a new joint venture between Rheinmetall AG (51 per cent), 4iG Plc (39 per cent) and HM Electronics, Logistics and Property Management PCLS (10 per cent) has officially been signed.
The collaboration aims to support the digitisation of the Hungarian Armed Forces, as well as the development and marketing of digital equipment for Hungary and NATO member states in Central and Eastern Europe.
Joint operations, which are scheduled to commence in the second half of 2022, expected to involve:
- the development and sale of digitisation solutions;
- the delivery of land and airborne simulation systems for the provision of soldier training within all combat areas and command levels and equipment based on C4ISTAR capabilities; and
- the production of military equipment.
Specifically:
- Rheinmetall is set to act as a technology provider for components, products, military capabilities, and know-how.
- HM is expected to leverage its experience across defence IT and infrastructure services, tactical combat management and systems integration.
- 4iG has been tasked with harnessing its IT and telecommunications background, cyber defence and development experience to deliver its software development environment.
Armin Papperger, CEO of Rheinmetall AG, welcomed the new joint venture, noting its contribution to driving the digitisation strategy across defence.
“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,” Papperger said.
“The location of the company also represents our special commitment to Hungary as a business location.”
Gellért Jászai, chairman and CEO of 4iG Plc, said the partnership would enable the company to expand its market presence.
“The cooperation will also greatly support our international market entry and sales activities,” Jászai said.
“The cooperation will facilitate technology and knowledge transfer between the companies, and the jointly developed military solutions could play a key role in attracting further development and manufacturing capacities to Hungary in the future.
“In developing the joint company’s products, we also rely on the decades of expertise of HM EI to serve the specific military needs in line with regional requirements.”
Gáspár Maróth, president of HM EI Zrt and national armaments director, added: “With the joint platform company, we are creating a protected industrial and knowledge base of the most modern IT-based command and control technologies in our country, which is of strategic importance from a defence perspective due to the geopolitical situation.”
[Related: Rheinmetall secures German Air Force training contract ]
