HENSOLDT takes over aircraft electronics provider EuroAvionics

The newly founded German sensor house HENSOLDT has taken over the Pforzheim-based company EuroAvionics GmbH, a supplier of avionics systems for helicopters and UAVs.

Now that all the legal requirements have been met, the signed share purchase agreement has taken effect. HENSOLDT expects the takeover to give their existing avionics business a new boost as part of their growth strategy.

"The takeover of EuroAvionics is the perfect example of a strategic acquisition since both parties generate added value from our collaboration," said Celia Pelaz, Head of Strategic Business Development. "We can now develop a comprehensive Avionics product line at HENSOLDT by combining the strengths of EuroAvionics in the civilian market and our own portfolio, which has primarily been geared towards the military up until now." In this way, HENSOLDT will improve its access to civilian helicopter manufacturers and fleet operators. At the same time, synergies are expected from a more efficient use of research and development funds to meet new customer requirements.