Rheinmetall AG has acquired the assets of Leichtwerk AG

The assets of Leichtwerk AG, a German aerospace engineering specialist, have been acquired by Rheinmetall AG. Through this acquisition, Rheinmetall expands its capabilities in next-generation flight systems and composite design, strengthening its position in high-tech aerospace and unmanned systems development.

Leichtwerk, founded in 1996 and headquartered at Braunschweig Research Airport, is a German aerospace engineering firm specializing in lightweight structures, certified aircraft design and the development of high-altitude platform systems (HAPS) and unmanned aerial systems (UAS). With strong R&D capabilities and EASA Part 21J approval since 2003, Leichtwerk delivers sustainable engineering solutions — demonstrated by projects such as the eta glider and the hydrogen‑powered HAPS StratoStreamer — that bridge the gap from concept to flight.

Rheinmetall AG, founded in 1889 and headquartered in Düsseldorf, is a publicly traded integrated technology group that develops advanced systems and services for both defense and civilian markets. With global operations spanning vehicle systems, weapons and ammunition, electronic solutions and power systems, Rheinmetall reported record revenue of approximately US$11.4 billion (€9.75 billion) in 2024 and is pursuing 25 to 30 percent growth in 2025. Recent expansions in European production capacity and cross-border defense programs further strengthen Rheinmetall’s position as a cornerstone of Europe’s strategic industrial base.

Oaklins’ team in Germany advised the insolvency administrator of Leichtwerk AG on the successful sale of the company to Rheinmetall AG. The team ran a structured, international, competitive process that generated strong strategic interest and ensured transaction certainty despite challenging circumstances. Oaklins Janes Capital, based in Irvine, USA, supported the transaction in its early stages.