Back to news

August 7, 2020 | International, Land

OTT Technologies takes over LMT

by Charles Forrester

South African armoured vehicle designer and manufacturer OTT Technologies has acquired LMT, which has been in business rescue since September 2019.

The acquisition closed in July, OTT Technologies business development manager Chris Gildenhuys told Janes on 5 August. The value of the acquisition is not being disclosed at this time.

According to Gildenhuys, the acquisition of LMT Products “is a strategic move for OTT Technologies to expand on its own range of proven mine-protected armoured vehicles”. LMT designs and manufactures a variety of protected products, ranging from protected cabs for Mercedes Benz to the LM8 and LM13 vehicles.

The LMT Products division of OTT Technologies will, for the foreseeable future, continue to operate under the LMT Products brand and the vehicles will retain their respective designations. The merger will obviously bring about branding and structural changes in future. The first priority is to get the LMT division back on track in as far [as] the personnel component, manufacturing, and sound day-to-day management,” Gildenhuys said.

When LMT went into business rescue there were still some incomplete contracts, including one with a Middle Eastern customer, Gildenhuys added. That particular contract will now be honoured and completed.

Denel had been the majority shareholder of LMT Holdings since it acquired its stake in 2012, with the underlying business with LMT Products. LMT Holdings was 51% owned by Denel, 29% by Pamodzi, and 20% by the founding members, and included LMT Products, LMT Engineering, and LMT Properties.

https://www.janes.com/defence-news/news-detail/ott-takes-over-lmt

On the same subject

  • In the pipeline: The impact of TSA cybersecurity directives

    September 27, 2023 | International, Security

    In the pipeline: The impact of TSA cybersecurity directives

    Continuous monitoring provides real-time visibility into anomalous activities, unauthorized access attempts and potential threats, the author argues.

  • The military wants many systems to share one language

    February 11, 2019 | International, C4ISR

    The military wants many systems to share one language

    By: Mark Pomerleau The Army, Navy and Air Force secretaries recently signed a memorandum that would establish common standards of information in future weapon systems, a move that will allow for greater coordination on a future battlefield that will require faster decision making. As the military is shifting its focus to so-called great powers and simultaneously each pursing its own version of multidomain operations — a concept of operating more seamlessly across the five domains of warfare — there is a recognition for the need for closer cooperation. According to an Air Force release Feb. 8, older weapon systems were not developed with common interface standards, which made interoperability more difficult. “This is vital to our success,” said Mark Esper, the secretary of the Army. “After reviewing the capabilities of common standards, we have collectively determined that continued implementation, and further development of modular open systems approaches are necessary to keep our competitive advantage.” In recent years, the services have developed, demonstrated and validated common data standards through a cooperative partnership with industry and academia to allow for a modular open systems approach, the release said. When the services follow the standards, contractors can build interoperable systems. This approach can lead significantly reduce development timelines and shrink costs by as much as 70 percent, the release said. “The ability for our systems and forces to exchange information and communicate effectively gives our war fighters the best capabilities to deliver the fight tonight,” Richard Spencer, the secretary of the Navy, said. “This reform will make us a highly integrated and more lethal fighting force.” With new approaches, such as multidomain operations, Pentagon leaders say it is critical for systems and forces to communicate across domains as well as cyber and land systems. "Victory in future conflict will in part be determined by our ability to rapidly share information across domains and platforms," Heather Wilson, secretary of the Air Force, said. "Sharing information from machine to machine requires common standards." Some in industry are helping the military answer some tough problems. “How do you take all the platforms that are out there and link them together and then be able to create decisions that happen a lot faster or get to decisions that you couldn't have gotten to if you were looking at each of the domains independently,” Rob Smith, vice president of C4ISR & UAS, Rotary and Mission Systems at Lockheed Martin, told reporters in July. While linking systems together may sound easy, Smith said differences in planning cycles, technologies and classifications is challenging. Going forward, the Air Force release said the joint memorandum directs service acquisition executives to publish specific implementation guidance for acquisition programs, continue to identify gaps and develop new standards when needed. Additionally, capability requirements officers must write modular open systems into future requirements documents as to be able to communicate across domains. https://www.c4isrnet.com/c2-comms/2019/02/08/the-military-wants-many-systems-to-share-one-language

  • Army of coders needed to make Replicator drone initiative a success

    September 14, 2023 | International, C4ISR, Security

    Army of coders needed to make Replicator drone initiative a success

    The program should be the first to acknowledge that both software and data production need to be core military competencies, the authors argue.

All news