Transaction Notionally Values Hensoldt at approx €2.4 Billion
Leonardo has completed acquisition of a 25.1% shareholding in sensors and solutions provider Hensoldt AG for a cash consideration of €606 million ($685 million), the company announced on 3 January.
The transaction – a step further in achieving Leonardo’s strategic objective to acquire a leadership position in the European defence electronics market – reflects the company’s determination to play an active role in the current consolidation process, in the light of future cooperation programmes in continental Europe. The investment allows Leonardo 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, defining cooperation initiatives for development of joint opportunities to satisfy the most advanced requirements of domestic and international customers in the air, land and maritime domains.
The company believes that the highly complementary nature of the two enterprises will contribute to the sustainable growth of the respective industries at the national level, while also guaranteeing strategic autonomy in key technologies, with a view to making a concrete contribution to the competitiveness of the European industrial base.