Leonardo Acquires 25% Stake in German Defense Company
Monday, January 03, 2022 | Comments

Leonardo completed the acquisition from Square Lux Holding Company of 25.1% of the shares in HENSOLDT, a German manufacturer in the field of sensors for defense and security applications, with an expanding portfolio in sensors, data management and robotics, for a cash consideration of €606 million.

The transaction is a step forward in helping to achieve Leonardo’s strategic objective of acquiring a leadership position in the European defense 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 programs in continental Europe.

This investment will allow Leonardo to establish a long-term strategic presence in the fast-growing German defense 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.

With this transaction, Leonardo, thanks to its consolidated industrial presence in Italy, United Kingdom, U.S. and Poland, inaugurates a new strategic partnership with a leading industrial player in the aerospace, defense and security sector in Germany, which will contribute to the sustainable growth of the respective industries at national level, while also guaranteeing strategic autonomy on key technologies with a view to making a concrete contribution to the competitiveness of the European industrial base.

Would you like to comment on this story? Find our comments system below.



 
 
Post a comment
Name: *
Email: *
Title: *
Comment: *
 

Comments

No Comments Submitted Yet

Be the first by using the form above to submit a comment!


Education





Events
August 2022

7 - 10
APCO Conference and Expo 2022
Anaheim, California
https://www.apco2022.org

More Events >

Site Navigation

Close