KNDS Plans IPO in Paris and Frankfurt to Support Long-Term Growth Strategy

KNDS, a Franco-German armored vehicles manufacturer, has announced plans to list on the Paris and Frankfurt stock exchanges in 2026. The company aims to support its long-term growth strategy by broadening access to capital markets. KNDS has amassed an order intake of €11.2 billion ($13.1 billion) in 2024 and produces a wide range of land systems, including Leopard 2 main battle tanks and artillery ammunition. As part of its emerging mobile artillery partnership with Leonardo, KNDS intends to intensify industrial cooperation to improve supply chain resilience and time-to-market. The firm’s CEO, Jean-Paul Alary, stated that the combination of Leonardo’s electronics and KNDS’s artillery system will significantly contribute to increasing the system’s combat power and effectiveness.