SNPE, Saab and Patria complete the creation of EURENCO - a Leading European Propellants and Explosives Company
SNPE, Saab and Patria complete the creation of EURENCO - a Leading European Propellants and Explosives Company SNPE Matériaux Energétiques (SME) of France on one side and SAAB of Sweden and Patria of Finland, (the owners of NEXPLO Industries AB) have today completed the merger of their propellant and explosives operations within a new company called EURENCO, the European Energetics Corporation. A binding agreement to create EURENCO was signed on 10 July 2003. EURENCO has a starting turnover of more than 100 MEUR and 850 employees. Based in Paris, the company will have subsidiaries operating