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Leonardo has taken over 25.1 per cent of the shares in Hensoldt. For €606M, Leonardo has thus secured a share in the growing sensors, data management and robotics market, the company writes in a press release.

This transaction is another step towards achieving Leonardo’s strategic goal of becoming a leader in the European defence electronics market, as defined in the “Be Tomorrow – Leonardo 2030” plan, and reflects Leonardo’s determination to play an active role in the ongoing consolidation process, including with regard to future cooperation programmes in continental Europe, the company writes.

The companies share a long-standing partnership with collaborations in the air, land and sea defence sectors of domestic and international customers. They expect to leverage strong complementarities in terms of geography, product portfolio, end markets, customers and suppliers.

GWH