Sensor solutions provider HENSOLDT has successfully finalized the acquisition of ESG Elektroniksystem- und Logistik-GmbH, a strategic move that reinforces its position as a leading provider of defence and security solutions. The acquisition, which was agreed upon last year, officially came into effect on April 2, 2024, following the receipt of all necessary official approvals.
ESG, renowned as a leading platform- and manufacturer-independent system integrator, as well as a respected technology and innovation partner for defence and security, brings valuable expertise to HENSOLDT. With a focus on design and system integration capabilities, the addition of ESG enhances HENSOLDT's product and solutions portfolio, positioning the company as a national champion in defence electronics.
CEO of HENSOLDT, Oliver D., expressed his satisfaction with the acquisition, stating, "The acquisition of ESG fits perfectly into our overall strategy and accelerates the development of HENSOLDT as a solution provider for defence and security." He highlighted the synergies between the two companies and emphasized the strategic significance of the acquisition in advancing HENSOLDT's international growth trajectory.
Christoph Otten, managing director of ESG, echoed Dörre's sentiments, highlighting the numerous opportunities that the acquisition presents for ESG. He emphasized the financial backing of a strong listed company and the access to international markets, enabling ESG to further develop its capabilities as a system integrator and technology partner.
Founded in 1967, ESG has established itself as a leading German systems house, playing a pivotal role in critical defence and security programmes such as FCAS (Future Combat Air System) and the F-35. With approximately 1,400 employees across Germany, the Netherlands, and the U.S., ESG generated sales of around 330 million euros in 2023.
This strategic acquisition solidifies HENSOLDT's position as a key player in the defence and security industry and sets the stage for enhanced collaboration and innovation in the development of integrated solutions. For more details on this transformative acquisition, visit our company blog.
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