Leonardo announced on January 3 that it completed the acquisition of 25.1% of the shares in HENSOLDT AG (“HENSOLDT”), a leading German player in the field of sensors for defence and security applications, with an expanding portfolio in sensors, data management and robotics, for a cash consideration of € 606 million.
In the press release the company stated that this transaction is a step forward in helping to achieve Leonardo’s strategic objective of acquiring a leadership position in the European Defence Electronics market, as defined by the "Be Tomorrow - Leonardo 2030" Plan, and reflects Leonardo's determination to play an active role in the consolidation process underway, also in the light of future cooperation programmes in continental Europe.
Leonardo also stated that this investment will allow the company to establish a long-term strategic presence in the fast growing German defence market and to strengthen the long-standing partnership between the two companies through the definition of cooperation initiatives for the development of joint opportunities able to satisfy the most advanced requirements of domestic and international customers in the Air, Land and Naval domains, leveraging on a strong complementarity between the two companies in terms of geography, product portfolio, end markets, customers and suppliers.
