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German cartel office approves Rheinmetall subsidiary, OHB satellite joint venture

BERLIN, April 16 (Reuters) - Rheinmetall Digital RHMG.DE and German satellite maker OHB OHBG.DE are permitted to establish a joint venture to handle a future procurement contract from the German armed forces, the German cartel office said on Thursday.

The Rheinmetall subsidiary will be responsible for user and network segments, while OHB will cover the space and ground segments of the satellites, said the office in a statement.

"Rheinmetall Digital and OHB operate in different sectors," said office president Andreas Mundt. "There are no competition concerns regarding the establishment of the joint venture."

 (Writing by Miranda Murray
Editing by Madeline Chambers)

 ((Miranda.Murray@thomsonreuters.com;))

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