KNDS Suspends Initial Public Offering Due to “European Defense Market Volatility”

In light of current market volatility for the European Defense sector, industry major KNDS N.V. announces that its shareholders have informed the Company of their intention to resume the Initial Public Offering (IPO) process upon the return of more favorable market conditions.

The Company has completed substantially all required preparation phases for its proposed listing and engaged extensively with investors. These discussions confirmed that investors shared KNDS’ view of its differentiated industry positioning and their belief in KNDS’ long-term strategy.

KNDS had earlier offered 20% of its equity capital as IPO to institutional investors. The company had reported a record order book running into the next few years.

KNDS benefits from a record and strong order backlog, sustained profitable growth, a robust industrial ramp-up and strong cash generation, all providing long-term visibility and supporting its position as a leading European defense player, KNDS said.

KNDS and its shareholders will continue to monitor the capital markets conditions closely and stand ready to resume the IPO process as soon as market conditions allow.

Boom in European defense industry

Following the Ukraine-Russia and the subsequent Iran-US-Israel wars, the European defense industry is on a roll with most defense firms reporting record orders from Europe, Asia and the Middle East. Besides, equipment donated to Ukraine is being replaced by the procurement of lastest generation arms which is further strengthening the manufacturing capability and technological upgradation of European defense manufacturers.

KNDS generated €4.4 billion in revenue in 2025. Its order backlog atands at €33.1 billion as of December 31, 2025.