Porsche SE is set to broaden its involvement in the defense industry, according to a Wednesday report from Reuters. The Germany-based holding company will establish an investment platform with other partners to back emerging defense businesses.
As part of this push, Porsche will host a “Defense Day” event to connect German and European family offices with investment opportunities in the sector. The company is also independently scouting investments in satellite surveillance, reconnaissance, sensor systems, cybersecurity and logistics.
A separate report from Bloomberg on Thursday revealed that Porsche and Deutsche Telekom are in talks to anchor a fund focused on European defense technology companies. The new venture capital fund, which is reportedly seeking to raise $584.3 million, will be managed by Hamburg-based investment firm DTCP. Sources familiar with the plan said the size and composition of the fund could still change.
The move reflects a broader trend among German automotive and industrial suppliers diversifying into defense as Europe ramps up military spending. In June, heavy-duty truck maker Daimler Truck secured a contract from the Bundeswehr’s BwFuhrparkService mobility service provider for a fleet of Arocs logistics trucks. The vehicles aim to strengthen Germany’s military transport capacity for national and alliance defense. They are scheduled for delivery by May 2026.
Schaeffler, a global precision product manufacturer, is also considering entering the defense sector. CEO Klaus Rosenfeld told German media that the company’s automotive expertise could be applied to various land, sea, or air weapons systems.
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