Leonardo has completed the acquisition of 25.1% of the shares in Hensoldt, a leading German player in the field of sensors for defence and security applications. The deal is worth € 606 million.
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. It also reflects the company’s determination to play an active role in the consolidation process underway, also in the light of future cooperation programmes in continental Europe.
The investment will help the company establish a long-term strategic presence in the fast growing German defence market and facilitate the development of joint opportunities to satisfy the requirements of domestic and international customers in the Air, Land and Naval domains.
Hensoldt and Leonardo already cooperate on programmes such as Eurofighter Typhoon as members of the EuroDASS consortium. The acquisition deal was first announced in April last year.
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