06 Nov 2025

Wolf Theiss Advises Rheinmetall on Joint Venture with Vazovski Mashinostroitelni Zavodi in Bulgaria

"Wolf Theiss advised Rheinmetall on a joint venture with Vazovski Mashinostroitelni Zavodi (VMZ) to develop and manufacture artillery shells and energetic materials in Bulgaria. The transaction aims to strengthen NATO-compatible capabilities, expand domestic production capacity, create high-skilled jobs and position Bulgaria as a regional hub for advanced defense technologies."

Wolf Theiss advised Rheinmetall on its joint venture with Vazovski Mashinostroitelni Zavodi (VMZ). The transaction establishes a joint venture in Bulgaria to develop and manufacture artillery shells and energetic materials. The venture is intended to expand domestic production capacity and create high-skilled jobs in the country. According to Wolf Theiss, the project is expected to strengthen Bulgaria’s NATO-compatible capabilities and position the country as a regional hub for advanced defense technologies. Wolf Theiss represented Rheinmetall with a team composed by: Partner Richard Clegg and Senior Associate Boryana Filimonova.
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