Dusseldorf, Germany-based Rheinmetall, a company specializing in security and mobility solutions, announced on Monday, March 18, that it has acquired the Dutch startup — REEQ.
Through this acquisition, Rheinmetall expands its range of vehicles to include innovative light hybrid vehicles.
At the start of March 2024, Rheinmetall’s Dutch subsidiary, Rheinmetall Defence Nederland, part of the Vehicle Systems Division, acquired 100 per cent of the Dutch startup REEQ shares.
The acquisition will allow Rheinmetall to broaden its portfolio of lightweight tactical vehicles and move toward hybrid technology with a fully electric drivetrain in a military vehicle.
Both parties have agreed not to disclose the purchase price.
With this acquisition, Rheinmetall is responding to the calls from Dutch politicians and defence leaders to contribute to the defence industry.
REEQ will remain a startup within Rheinmetall Group for development, with production in the Netherlands.
REEQ was founded in 2018 and has a vehicle portfolio that includes an Unmanned Ground Vehicle (UGV), a side-by-side buggy, and a quad.
All three vehicles have the same fully electric drive train.
Rheinmetall’s acquisition of REEQ enables the company to provide light tactical mobility solutions, manned and unmanned, to the Dutch and European markets.
Additionally, Rheinmetall can offer a microgrid solution in combination with REEQ’s mobility solutions.
Rheinmetall AG: What you need to know
Rheinmetall is a Germany-based company that specialises in security and mobility solutions. It operates through two segments: Defence and Automotive.
The Defence segment offers armoured tracked vehicles, protection systems, weapons, air defence systems, and wheeled vehicles. The Automotive segment manufactures Mechatronics, Hardparts, and replacement parts.
The company operates approximately 80 production plants in Europe, the Americas, Asia, Australia, and Africa.
01
Not solo: How Xolo aims to help Dutch solopreneurs with its comprehensive business management platform