Rheinmetall AG and DERMALOG Identification Systems GmbH, Germany’s largest biometrics firm, have contractually agreed to set up a joint venture called Rheinmetall Dermalog SensorTec GmbH, which should begin operating in early summer 2022. Rheinmetall will hold a 65% stake in the partnership, with DERMALOG accounting for the remaining 35% share. Creation of the company still requires approval by the merger control authorities. The strategic objective is to integrate biometric technology, artificial intelligence software, and digitisation solutions for security and industry.
Furthermore, the new joint venture enhances the Düsseldorf-based technology group’s future-oriented diversification into biometrics applications geared to the security sector and industry. The move also adds to its existing digitisation and software expertise. Importantly, the partnership reinforces Rheinmetall’s capabilities in five strategic technology clusters: automation, sensors, digitisation, alternative mobility, and artificial intelligence.
“Setting up this joint venture is an important step in our transformation strategy, one which will enable us to offer cutting-edge monitoring, authentication, and security technology to our customers in the automotive sector and other industries,” states René Gansauge, CEO of Rheinmetall’s Sensors and Actuators division.
Rheinmetall Dermalog SensorTec GmbH will fuse Rheinmetall’s proprietary radar technology, which will be used for interior monitoring, with DERMALOG’s software, camera, and fingerprint technologies. In addition, an industrial application is already planned for the company access system at a group-owned plant.
Headquartered in Hamburg, Rheinmetall’s new cooperation partner has been actively pioneering biometric products and solutions for 25 years. During this period, the company has evolved into Germany’s largest maker of biometric systems and devices and is an innovation leader in the world of biometrics. Best-in-class technologies characterised by high speed, precision and reliability are a hallmark of DERMALOG. In 2021 the company took the coveted German Innovation Award, just the latest is a serious of national and international prizes in various categories.