EURO EAKOVIĆ and Patria Signed a MoU

EURO EAKOVIĆ Holding d.d. (DDH) and Patria have on 29 March 2011 signed a Memorandum of Understanding confirming their intention to agree upon common efforts in sales of Patria AMV vehicles to case-by-case selected third countries. DDH as a group would have a significant role in the production of sold vehicles. The potential customer countries will be identified during the envisaged co-operation. The operative contract on delivery of armoured wheeled vehicles to the Ministry of Defence of the Republic of Croatia is in full serial production at EURO EAKOVIĆ Specijalna vozila d.d. (DDSV), a subsidiary of DDH who has received all needed technology from Patria. DDSV has delivered over 20 armoured wheeled vehicles made in Croatia. "Patria is very pleased with the performance of DDSV's serial production and this Memorandum of Understanding is a natural continuation of the relationship. Patria believes that new armoured wheeled vehicle market potential could be covered and won together with DDH supported by the Republic of Croatia. The Memorandum of Understanding will strengthen Patria's leading position as the supplier of armoured wheeled vehicles on international market", states Mr. Seppo Seppala, President of Patria Land Systems.

Source: Patria Oyj
Date: Mar 30, 2011