WB Group acquires German technology company

Polish defense technology company WB Group has opened a German subsidiary and acquired a Bavarian manufacturer of drive systems, Money.pl reported Wednesday. WB Germany began operations in Berlin on November 10, with founder and chief executive Piotr Wojciechowski announcing the acquisition at its launch. The acquired company's name and transaction value were not disclosed. Deputy Defense Minister Nils Schmid and Polish Deputy Foreign Minister Marcin Bosacki attended the event alongside industry representatives.

WB Germany will coordinate relationships with German defense companies, research organizations and the Bundeswehr. The group plans new technology acquisitions and industrial partnerships to strengthen production and supply networks. Its products include unmanned systems, communications equipment and command technologies. The company said its Warmate loitering munitions underwent Bundeswehr trials in September. WB Group employs nearly 3,000 people. Its expansion follows a June agreement on Polish German defense cooperation.

(money.pl)