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On 3 January 2023, NFM Group announced that they had acquired all shares of Hexonia GmbH in Germany. Hexonia is a supplier of personal protective equipment and combat clothing to the German armed forces and has its head office and production in Nettetal outside Düsseldorf. The acquisition is the biggest in NFM Group’s history to date, increasing its total production capacity, access to new technologies, and new markets, making NFM Group now a leading European company in protective equipment and combat clothing. The acquisition comes at a time when Germany is carrying out a significant modernisation of its armed forces with an investment fund of EUR 100 Bn, and while Hexonia faced strong growth.
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