Hensoldt
Hensoldt
Main page
1214070

Hensoldt

logo
Community Hub0 subscribers
What are your thoughts?
Be the first to start a discussion here.
Be the first to start a discussion here.
Hensoldt

Hensoldt AG (stylized in all caps) is a German multinational corporation headquartered in Munich which focuses on sensor technologies for protection and surveillance missions in the defence, security and aerospace sectors. The main product areas are radar, optoelectronics and avionics. Hensoldt's main office is in Taufkirchen near Munich, Germany.

On 25 September 2020, Hensoldt AG was listed in the Prime Standard of the Frankfurt Stock Exchange at an issue price of 12.00 euros. Based on the issue price, the market capitalisation amounted to 1.26 billion euros.

The company originated from the electronics business unit of the defence division of the Airbus. At the end of February 2017, Airbus sold this business unit to the US financial investor KKR for 1.1 billion euros. Since December 2020, the government of Germany holds a minimum share, which is managed by the Federal Ministry of Defence (BMVg).

Since 2017, the company has been known as Hensoldt. The company's name can be traced back to Moritz Carl Hensoldt (1821–1903), a German pioneer of optics and precision mechanics in the 19th century. In 1852, he founded an optical workshop for telescopes, astronomical equipment and microscopes.

In 2019, news agency Reuters reported that KKR was in the process of preparing for a listing of 20-30% on the stock exchange or a sale of Hensoldt.

In 2023, Hensoldt acquired defence systems integrator ESG Elektroniksystem for an enterprise value of 675 million euros ($727.79 million), along with an earn-out of up to 55 million euros.

The Hensoldt Group's holding structure includes the following direct and indirect operating subsidiaries (as of September 2019):

Hensoldt develops and manufactures radar systems for the purposes of surveillance, reconnaissance, air traffic control and air defence. These radars are used on such platforms as the Eurofighter, the German Navy's F125 frigates and the US Navy's littoral combat ships and ground-based systems. In September 2017, Hensoldt acquired the British radar manufacturer Kelvin Hughes from the private equity firm ECI.

See all
User Avatar
No comments yet.