Rheinmetall Acquires Provectus: A Bold Leap into the Future of Autonomous Robotics in Canada
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The acquisition of the Canadian firm Provectus Robotics Solutions Inc. enhances Rheinmetall’s technological prowess in robotics and autonomous driving sectors. Moving forward, both divisions of the Group – Automotive and Defence – will reap the benefits of the expertise of the newly integrated robotics specialist. Automation and digitalization represent crucial technology clusters that Rheinmetall is diligently expanding, centralizing knowledge and capabilities to harness additional future growth opportunities.
As of June 1, 2019, Rheinmetall Canada Inc., a branch of the Düsseldorf-based Rheinmetall Group, acquired a 100% share in the Ontario-based corporation. Established in 2010, Provectus Robotics Solutions specializes in crafting cutting-edge robotic systems and software. Although it is now under the ownership of Rheinmetall Canada, Provectus will continue to operate under its former managing director, Paul Rocco.
In recent product showcases, Rheinmetall has attracted significant attention with its Mission Master unmanned multi-mission vehicle, founded on Provectus technology, customized for military applications by Rheinmetall Canada. All signs indicate that unmanned ground vehicles are set to assume an increasingly vital role in upcoming military operations on land, mirroring the role of unmanned aerial vehicles in the aviation sector. Some will serve in unarmed logistical or reconnaissance capacities; others will act as mobile weapon platforms.
“We have been collaborating closely with Provectus in our unmanned ground vehicle initiative. This vertical integration provides us with a decisive edge in the domain of autonomous mobility technology,” stated Stéphane Oehrli, president and CEO of Rheinmetall Canada.
“Given that this capability serves as a pivotal enabler for the Automotive division, the entire Rheinmetall Group will consequently benefit from Provectus’ prowess. The automation of other Rheinmetall mobile platforms is indeed an innovation we are already contemplating.”
As Paul Rocco from Provectus emphasizes, “Rheinmetall Canada presents the ideal foundation for accelerating our expansion while also reinforcing our presence in Canada as well as globally. This represents a unique opportunity for the Provectus team to substantially enhance our market potential within the realm of autonomous driving and to seize new avenues.”
The acquisition aligns with Rheinmetall’s strategy to establish itself as a preferred supplier of advanced technology – both on the global stage and particularly in Canada, where the Group has a long-standing, trusted partnership with the nation’s armed forces.
Rheinmetall is enthusiastic about utilizing the knowledge from Provectus Robotics Solutions in executing ISTAR, a prominent initiative of the Canadian armed forces currently in progress. (The acronym ISTAR represents Intelligence, Surveillance, Target Acquisition, and Reconnaissance.)
