Leonardo Acquires 25.1% Shares In HENSOLDT For €606 Million
Leonardo accomplished the acquisition from Sq. Lux Holding II S.à r.l., a portfolio firm managed by funds suggested by Kohlberg Kravis & Roberts & Co. L.P, of 25.1% of the shares in HENSOLDT AG (“HENSOLDT”), a number one German participant within the area of sensors for protection and safety purposes, with an increasing portfolio in sensors, information administration, and robotics, for a money consideration of € 606 million.
This funding will permit Leonardo to determine a long-term strategic presence within the fast-growing German protection market and to strengthen the long-standing partnership between the 2 firms by way of the definition of cooperation initiatives for the event of joint alternatives in a position to fulfill probably the most superior necessities of home and worldwide prospects within the Air, Land and Naval domains, leveraging on a powerful complementarity between the 2 firms when it comes to geography, product portfolio, finish markets, prospects and suppliers.
This transaction is a step ahead in serving to to realize Leonardo’s strategic goal of buying a management place within the European Defence Electronics market, as outlined by the “Be Tomorrow – Leonardo 2030” Plan, and displays Leonardo’s willpower to play an energetic function within the consolidation course of underway, additionally within the gentle of future cooperation applications in continental Europe.
With this transaction, Leonardo, because of its consolidated industrial presence in Italy, the UK, USA, and Poland, inaugurates a brand new strategic partnership with a number one industrial participant within the Aerospace, Defence, and Safety sector in Germany, which is able to contribute to the sustainable development of the respective industries on the nationwide stage, whereas additionally guaranteeing strategic autonomy on key applied sciences to make a concrete contribution to the competitiveness of the European industrial base.
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