HENSOLDT, the leading independent sensor solutions house announce it has acquired NEXEYA, a provider of services and electronics solutions for defense 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. 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,” said Thomas Müller, CEO of HENSOLDT.
“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,” said Jérôme Giraud, CEO of NEXEYA France and HENSOLDT Holding France.
With three major industrial sites (Angoulême, Massy and Toulouse), NEXEYA designs, manufactures tests and maintains complex electronic systems for the Aerospace, Defense, 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 Defense 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.
HENSOLDT is also continuing its global expansion strategy in the Asia-Pacific (APAC) region. The Group has acquired IE Asia-Pacific Pty Ltd, headquartered in Canberra, Australia. Now operating as HENSOLDT Australia Pty Ltd, they are the leading radar solutions and services provider in the country and throughout the wider APAC region.
“The local support of our customers in Australia and in the Asia Pacific markets is extremely important to HENSOLDT. HENSOLDT Australia is a part of our Global Customer Support & Services business and provides our customers with unparalleled radar solutions and systems support,” said Thomas Müller, CEO of HENSOLDT.
HENSOLDT Australia offers radar support, testing, training and installation services to the Australian Defense Force and other agencies. It currently employs more than 20 highly trained staff and generates annual revenues exceeding €4 million.
HENSOLDT maintains longstanding business relations, delivering radars, electronic warfare systems, electro-optronic devices and air traffic control equipment to customers in the APAC region. HENSOLDT Australia will also be able to provide support to this wide range of products, which in turn will provide enhanced services and support for all our valued regional customers.
HENSOLDT is a global pioneer of technology and innovation in the area of defense and security electronics. Headquartered in Munich, the company is a market leader in civilian and military sensor solutions, developing new products to counter evolving threats based on disruptive concepts in such fields as big data, robotics and cyber security.
With a workforce of some 4,400 employees, HENSOLDT generates revenues of more than 1 billion Euros per year.