On 29 January 2025, KNDS and Texelis signed a Memorandum of Understanding (MοU) regarding the proposed acquisition of Texelis’ defence business by KNDS France.

Under this agreement, the two parties announce that they are entering into exclusive

negotiations with a view to completing this transaction, which will necessitate the separation of Texelis into two entities – Texelis Défense and Texelis Transport.

Consultation and information procedures with employee representative bodies on this project are scheduled to take place in the coming days. The finalisation of this transaction, expected by the end of 2025, remains subject to the completion of agreements and the fulfilment of the usual conditions precedent for such transactions.

Texelis is a French company whose defence business specialises in land mobility and design of cutting-edge solutions for armoured land vehicles. As a key player in the French defence industry, Texelis produces numerous components and mobility solutions for the French Army’s armoured vehicles.

Since securing the SERVAL contract with KNDS France, Texelis has successfully developed, qualified and produced complete mobility solutions for 4×4, 6×6, and 8×8 vehicles.

An innovative company, Texelis is at the forefront of hybridisation for armoured vehicles, as well as energy management solutions applied to mobility. Texelis’ transport business will remain under the control of its management team, with the support of its investors.

Texelis employs 350 people and generated sales of approximately €110 million in 2023. In addition to its production site in Limoges, Texelis already has a branch at the KNDS France site in Roanne.

Also read: Texelis – Advanced Armoured Engineering | Announce signing of strategic Memorandum of Understanding