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KNDS establishes joint venture LEOPARD Hungary MRO in Hungary

Munich/Budapest, 21st February 2025

KNDS Deutschland (KNDS) and the Hungarian company HM Currus Zrt. (Currus) want to cooperate closely in the future and have therefore founded the joint venture LEOPARD Hungary MRO Kft. on February 20, 2025. KNDS has a 49 percent stake in the joint venture and Currus has a 51 percent stake. The company is based in Gödöllö, Hungary.

LEOPARD Hungary MRO (Maintenance, Repair, Operations) shall ensure the long term logistic support of all KNDS systems of the Hungarian army. In 2019, Hungary signed a contract with KNDS for a total of 90 systems, which, in addition to the LEOPARD 2 battle tank and the PzH 2000 artillery system, also includes family vehicles such as the WISENT recovery system and the LEGUAN bridge layer. In addition, LEOPARD Hungary MRO will take over the maintenance of the systems' simulation and training facilities.

Hubert Dassinger, Co-Managing Director of LEOPARD Hungary MRO: "The basis of our joint venture lies in the close and successful cooperation we have achieved with our Hungarian customer over the last 5 years. We are proud that one of our key customers trusts us to support its KNDS fleet together with our Hungarian industrial partner Currus in a long term approach.”

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KNDS N.V. is the result of the association of Krauss-Maffei Wegmann and Nexter, two of the leading European manufacturers of military land systems based in Germany and France.

KNDS N.V. forms a Group of around 10,000 employees, with a 2023 turnover of 3.3 billion euro, an order backlog of around 16 billion euro and incoming orders of 7.8 billion euro. The range of its products includes main battle tanks, armored vehicles, artillery systems, weapons systems, ammunition, military bridges, customer services, battle management systems, training solutions, protection solutions and a wide range of equipment.

The formation of KNDS N.V. represents the beginning of consolidation in land defense systems industry in Europe. The strategic alliance enhances group’s competitiveness and international positions, as well as their ability to meet the needs of their respective national army. In addition, it offers to its European and NATO customers the opportunity of increased standardization and interoperability for their defense equipment, with a dependable industrial base. KNDS N.V. headquarters are based in Amsterdam.