Home Press Nexter and Hydrema sign a cooperation agreement in Denmark

Nexter and Hydrema sign a cooperation agreement in Denmark

Aalborg, December 16, 2014 – In the presence of the French Ambassador to Denmark, M. François Zimeray, Philippe Burtin, CEO of Nexter, and Jan Werner Jensen, CEO of Hydrema signed today a partnership agreement concerning the Danish Armoured Personal Carrier replacement program (APC-R), strongly confirming Nexter’s declared commitment to industrial cooperation with Denmark.

Under this partnership agreement, Nexter will support Hydrema in the set-up and operation of a “state-of-the-art” production line in its Støvring facility, where the final assembly and integration of the Danish VBCI will be performed, should the latter be selected by DALO to fulfill its APC-R requirement. Under an existing agreement, Hydrema will also perform the in-country logistic support of Nexter’s CAESAR® self-propelled howitzer in the event that CAESAR® is selected by DALO as part of its on-going artillery competition.

In addition to this key partnership with Hydrema, Nexter’s industrial cooperation efforts in Denmark already resulted in close to 40 Danish companies being pre-selected as suppliers or having already been integrated into Nexter’s global supply chain. TenCate, Prodan, AKS, Multicut, Linak, and Weibel, to name a few, have already been awarded contracts in 2014 for programmes outside of Denmark.

The total value of the transfer of production and technology to Hydrema has been pre-approved by the Danish Business Authority. Nexter is confident that, should VBCI be selected, it will fulfill more than 60% of its potential offset obligation through “direct” project activities.

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