HENSOLDT, the leading independent sensor solutions house has acquired NEXEYA, a provider of services and electronics solutions for defence and commercial customers. With all legal requirements met, the share purchase agreement signed in April this year has now taken effect.

The acquired activities represent a turnover of around €95 million and a workforce of approximately 620 employees.

"NEXEYA strengthens our industrial base particularly in France, improving customer access and enhancing our product portfolio", said Thomas Muller, CEO of HENSOLDT. "HENSOLDT is already successful in France, but this acquisition boosts our strategy of developing commercial markets and creates new opportunities in the area of services. Thus, the move is in line with the acquisitions made in Germany and the UK in the last two years in the areas of avionics, security and industrial engineering."

"I am proud, that NEXEYA becomes a part of HENSOLDT" said Jerome Giraud, CEO of NEXEYA France and HENSOLDT Holding France. This is an exciting new chapter for our growth story. Our complementary product portfolios provide opportunities for innovative product combinations and new developments that will benefit our customers domestically and abroad", Giraud said. "NEXEYA will benefit from increased global and segmental market access, investment capacities and human skills using the continuously growing HENSOLDT sales and marketing network. "

With three major industrial sites (Angouleme, Massy and Toulouse), NEXEYA designs, manufactures tests and maintains complex electronic systems for the Aerospace, Defence, Energy and Transports sectors.

An industrial partner of the aeronautical industry for more than 30 years, NEXEYA supplies products and solutions to aircraft OEMs, both civil and military, as well as their equipment manufacturers. The company is involved in all stages of development and life cycle of an aircraft, from the design and validation of prototypes to their maintenance. Complementary with HENSOLDT France, which develops IFF identification systems and data links for the Defence market, NEXEYA designs mission management systems. NEXEYA is also a strong player in the renewable energy market, developing and manufacturing hydrogen-based energy storage and supply stations.