KNDS and Texelis announced today that they have signed a Memorandum of Understanding (MOU) to begin exclusive negotiations for KNDS France to acquire Texelis’ Defense business. The proposed acquisition would involve separating Texelis into two distinct entities: Texelis Défense and Texelis Transport.
Texelis, a French company specializing in land mobility solutions for armored vehicles, plays a key role as a subcontractor in the French defense industry. The company supplies parts and heavy vehicle power trains for the French Army’s armored vehicles and has collaborated with KNDS France on the SERVAL program, developing mobility solutions for various vehicle types. A key program for Texelis is its involvement in the French Army’s Scorpion program, providing mobility solutions for the Griffon multi-role armored vehicle and the Jaguar reconnaissance and combat vehicle.
Texelis is known for its work in hybridization and energy management for armored vehicles. Following the potential acquisition, Texelis’ Transport business would remain under the control of its current management and investors.
Texelis employs 350 people and reported sales of approximately EUR110 million ($115 million) in 2023. The company has a production site in Limoges and a branch at the KNDS France site in Roanne.
A military history enthusiast, Richard began his career at Forecast International as editor of the World Weapons Weekly newsletter. As the Internet became central to defense research, he helped design the company’s Forecast Intelligence Center and now coordinates the FI Market Recap newsletters for clients. He also manages two blogs: Defense & Security Monitor, which covers defense systems and international security issues, and Flight Plan, focused on commercial aviation and space systems.
For more than 30 years, Richard has authored Defense & Aerospace Companies, Volume I (North America) and Volume II (International), providing detailed data on major aerospace and defense contractors. He also edits the International Contractors service, a database tracking all companies involved in programs covered by the FI library. Richard currently serves as Manager of the Information Services Group (ISG), which develops outbound content for both Forecast International and Military Periscope.
