BERLIN, April 16 (Reuters) - Rheinmetall Digital and German satellite maker OHB are permitted to establish a joint venture to handle a future procurement contract from the German armed forces, the
German Cartel Office Approves Rheinmetall and OHB Satellite Joint Venture
Approval and Details of the Joint Venture
Background of the Joint Venture
BERLIN, April 16 (Reuters) - Rheinmetall Digital and German satellite maker OHB are permitted to establish a joint venture to handle a future procurement contract from the German armed forces, the German cartel office said on Thursday.
Division of Responsibilities
The Rheinmetall subsidiary will be responsible for user and network segments, while OHB will cover the space and ground segments of the satellites, said the office in a statement.
Competition Assessment
"Rheinmetall Digital and OHB operate in different sectors," said office president Andreas Mundt. "There are no competition concerns regarding the establishment of the joint venture."
(Writing by Miranda MurrayEditing by Madeline Chambers)
