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HENSOLDT finalizes separation from Airbus

The defence electronics solutions provider HENSOLDT has finalized the separation process from former parent company Airbus Group SE (stock exchange symbol: AIR). Following the buy-back of the remaining 25.1% share from Airbus, HENSOLDT is now addressing the global sensor markets in a fully independent way. Two years ago, Airbus had sold its defence electronics business to the global investment company KKR, yet, retained a share of 25.1 % in order to ensure a smooth separation of business operations.

This final step to become a fully independent company follows the successful integration of HENSOLDT's business activities in France, completed by the physical separation of all HENSOLDT sites from Airbus earlier this year. "I am very proud that we have achieved the separation 10 months ahead of schedule", said HENSOLDT CEO Thomas Muller, "I would like to thank all Airbus colleagues who have worked together with us in an extraordinarily constructive spirit to make this happen. This gives us another boost to be an independent and highly innovative solutions provider. Opening up new channels with platform manufacturers around the globe, will help us to grow our business significantly over the coming years."

Press release issued by HENSOLDT Sensors GmbH on September 27, 2018

 

 Contact details from our directory:
HENSOLDT Sensors GmbH Moving Maps, Onboard Computers, Interceptor Fire Control Radar, Weapons Countermeasures, Flight Recorders
Airbus Group SE

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