SNPE, Saab and Patria Create a Leading European Propellants and Explosives Company - EURENCO
SNPE, Saab and Patria Create a Leading European Propellants and Explosives Company - EURENCO The French GROUPE SNPE and its subsidiary SME (SNPE Energetic Materials) and the owners of NEXPLO Industries AB, the Swedish Saab AB and the Finnish Patria, have today signed a binding agreement in order to merge their activities in propellants and explosives within a new company named EURENCO, i.e. European Energetics Corporation. The ownership of the company will be 60,2 % for GROUPE SNPE and 19,9 % for both Patria and Saab. According to the envisaged time schedule, EURENCO will be operational in