Indian company buys German maker of bulletproof materialApril 8th, 2008 - 12:56 am ICT by admin
Sittensen (Germany), April 7 (DPA) India’s MKU group of companies have acquired AST Security Equipment, a small manufacturer of lightweight bulletproof cladding for helicopters, light vehicles and luxury yachts, the German company said Monday. The company website says its cladding, made of materials such as Kevlar and Aramid, can be used to armour the cabins of luxury yachts against gunfire in pirate-infested waters like those off Somalia.
The deal would allow AST to sell its products worldwide, said chief executive Guenter Stabenau, who declined to disclose the sale price.
Stabenau said he would continue to run the company, which is based in Sittensen, southwest of Hamburg, and has 1.5 million euros ($2.4 million) in sales annually. The AST name would remain and all 25 staff would keep their jobs.
The cladding can also protect helicopters or armour-plated cars at moderate cost and little increase in weight, the website said.