KNDS N.V. announced its intention to launch an initial public offering with a dual listing on Euronext Paris and the Frankfurt Stock Exchange. Current shareholders GIAT Industries S.A.S. and Wegmann & Co GmbH plan to sell up to 20% of existing shares. The French state owns GIAT Industries S.A.S.
The listing supports a long-term strategy to capitalize on accelerating European demand for land defense systems. KNDS targets revenue growth of approximately 30% for 2026 compared to 2025. This growth projection spans all company segments.
The IPO represents a major upcoming listing for the Euronext exchange.