This includes a new corporate structure consisting of five divisions run directly by the Executive Board. The previous separation of the Group into two entities, Automotive and Defence, is no longer operative. Rheinmetall Automotive AG, the former intermediate holding company, will be dissolved and merged into the existing Group structure. From now on, two Rheinmetall divisions will serve the automotive market: Sensors and Actuators as well as Materials and Trade. Sensors and Actuators encompasses the business operations of the former Mechatronics division, i.e. Pierburg GmbH and Pierburg Pump Technology GmbH. MS Motorservice International GmbH, the bearing business, as well as joint venture company KS HUAYU AluTech GmbH will make up the Materials and Trade division.
Following the Group’s announcement in summer 2020 that it was reviewing strategic options for the future development of the former Hardparts division – especially the small- and large-bore pistons business – the Group’s former pistons organization will be run as a non-core business; a decision on possible options for this part of the Group is expected to be made in mid-2021. “This new structure will facilitate the transfer of technology between different parts of the Group, while simultaneously encouraging a strong focus on future-oriented technologies and business opportunities with clear potential for sustained added value. The Executive Board has identified security technology and electromobility as prime growth drivers. Moving forward, sustainability will form an integral component of our Group strategy,” says Armin Papperger, Chairman of the Executive Board of Rheinmetall AG.