Complements Portfolio and Expands Footprint in France
Hensoldt has fulfilled all the required legal requirements stemming from its agreement to acquire Nexeya in April and the share purchase agreement signed at that time has now taken effect, the independent sensor house announced on 7 October.
The acquisition of Nexeya represents a turnover of approx. €95 million and brings some 620 new employees to the group. It will complement Hensoldt’s existing portfolio and expand the group’s footprint in France. The French company designs, manufactures, tests and maintains complex electrnic systems for the defence, aerospace, energy and transport markets from three major industrial sites at Angoulême, Massy and Toulouse.
“Nexeya strengthens our industrial base, particularly in France, improving customer access and enhancing our product portfolio […] Hensoldt is already successful in France, but this acquisition boosts our strategy of developing commercial markets and creates new opportunities in the area of services. Thus, the move is in line with the acquisitions made in Germany and the UK in the last two years in the areas of avionics, security and industrial engineering,” explained Hensoldt CEO, Thomas Müller.
“This is an exciting new chapter for our growth story. Our complementary product portfolios provide opportunities for innovative product combinations and new developments that will benefit our customers domestically and abroad […] Nexeya will benefit from increased global and segmental market access, investment capacities and human skills using the continuously growing Hensoldt sales and marketing network,” added Nexeya France CEO, Jérôme Giraud, who is also now CEO of Hensoldt Holdings France.
An industrial partner of the aeronautical industry for more than 30 years, Nexeya supplies products and solutions to aircraft OEMs, both civil and military, as well as their equipment manufacturers. The company is involved in all stages of and aircraft’s development and life cycle, from the design and validation of prototypes to their maintenance. In a complementary manner to Hensoldt France, which develops identification friend or foe (IFF) systems and data links for the defence market, Nexeya designs mission management systems and is also a strong player in the renewable energy market, developing and manufacturing hydrogen-based energy storage and supply stations.