As part of its digitisation strategy, Rheinmetall to take up a 25.1 per cent stake in 4iG, a Hungarian digitisation service provider and IT specialist. An agreement to this effect has now been signed by Rheinmetall and the majority shareholder, Rheinmetall writes in a press release.
According to the company, the cooperation is designed to reinforce Rheinmetall’s position as a systems supplier for security technology in Central and Eastern Europe. When it comes to expanding into civil markets and new fields such as satellite technology, moreover, the planned cooperation is believed to offer redlöevant opportunities. Thus, 4iG i expected to function as a strategic IT partner of Rheinmetall in order to tap into new digital market potential. Headquartered and publicly listed in Budapest, 4iG is also expected to function as a digitisation service provider for Rheinmetall in Hungary. Therefore, the creation of a separate joint venture by Rheinmetall (51 per cent) and 4iG (49 per cent) is planned in order to set up own IT infrastructure and services in Hungary.