Vehicle maker buys two German armour producers
A global armoured vehicle supplier has announced its acquisition of two German-based armouring companies.
The Armoured Group (TAG) has acquired JPA Armouring and Fahrzeugbau Stadthagen, including the two companies’ manufacturing facilities, intellectual property, designs, certifications and testing results, according to a TAG press release.
The value of the acquisition has not been mentioned.
The resulting company will be known as TAG Germany GmbH.
TAG intends to retain key employees and will add staff as production increases, the company said.
Robert Pazderka, president of TAG said:
“This acquisition is important to TAG as it brings the company increased market share in Europe and strengthens our service capabilities for global customers. It enables TAG to compete for business around the globe while we continue to build the best products and maintain the highest quality standards. TAG’s primary objective has always been to create the most secure and survivable environment for the occupants and operators of our vehicles. This mission extends to all our production locations and remains at the forefront of our culture.”
TAG said the purchase will improve its access to European-based customers and benefit European production capacity.
Source: Pan European Netwoks | Photo: © Clément Dominik