ESG becomes part of the HENSOLDT Group

The HENSOLDT Group (“HENSOLDT”) today announced that it has signed a definitive agreement to acquire ESG Elektroniksystem- und Logistik-GmbH from Armira. ESG is the leading platform- and manufacturer-independent systems integrator as well as established technology and innovation partner for Defence and Security. With the acquisition of the highly complementary Defence technology business of ESG, HENSOLDT expands its business with strong design and systems integrator capabilities. Given the highly complementary skillsets, strong cultural fit and stakeholder support, the combined group is ideally positioned to accelerate its international growth based on the track records and growth trajectories of the two companies, while remaining firmly rooted in Germany and protecting national security interests.

Thomas Müller, CEO of the HENSOLDT Group, says: “The acquisition of ESG is an excellent fit with our overall strategy and accelerates HENSOLDT’s development as a solution provider for Defence and Security. By combining highly complementary capabilities from HENSOLDT and ESG, we are taking a decisive step towards becoming a leading European provider of seamlessly integrated solutions. This will put us in an ideal position to meet the existing and future requirements of our customers around the world.”

Christoph Otten, CEO of ESG, stated: “The acquisition is undoubtedly an obvious sign of great recognition and appreciation for the comprehensive performance of the entire ESG team as the independent national systems integrator and reliable technology and innovation partner of the German Armed Forces. We are firmly convinced that our course of sustainable, profitable growth will continue unabated in a new ownership structure. We are equally convinced that the associated change will also open up further diverse development opportunities for all employees individually and for us as a company as a whole.”

The acquisition is expected to be completed by [H1 2024], subject to certain conditions, including obtaining necessary regulatory approvals.

Please note the complete HENSOLDT press release.

About ESG Elektroniksystem- und Logistik-GmbH:
ESG has been one of the leading German providers of design, integration, operation and in-service support of complex, security-related electronic and IT systems for more than five decades. In Germany and internationally, ESG provides products and services for customers from government authorities, the fields of defence, public security and industry. ESG is a certified aviation company for aircraft and aviation equipment for the Bundeswehr (German Federal Armed Forces) and an aviation engineering company in line with EASA Part 21J, EASA Part 21G and EASA Part 145. As a special systems company for mission avionics, simulation and training, as well as special deployment systems, ESG offers customised solutions. Independent process and technology consulting is one of ESG's key competencies. Technology transfer between markets is what makes a significant contribution to our customers' added value.

Press contact ESG:
Ulrich-Joachim Müller, Head of Corporate Communications 
+49 (89) 92161-2850
ulrich-joachim.mueller@esg.de

About HENSOLDT:
HENSOLDT is a leading company in the European defence industry with global reach. Based in Taufkirchen near Munich, the company develops complete sensor solutions for defence and security applications. As a technology leader, HENSOLDT drives the development of defence electronics and optronics and is continuously expanding its portfolio based on innovative approaches to data fusion, artificial intelligence and cyber security. With more than 6,500 employees, HENSOLDT achieved a turnover of EUR 1.7 billion in 2022. HENSOLDT is listed in the MDAX on the Frankfurt Stock Exchange.

Press contact HENSOLDT: 
Joachim Schranzhofer 
+49 (0)89.51518.1823
joachim.schranzhofer@hensoldt.net
www.hensoldt.net

About Armira:
Armira is a leading investment holding focusing on direct equity investments in medium-sized, profitable family businesses and ambitious growth companies in DACH, Northern Italy and beyond. Armira is backed by an exclusive investor base of families, entrepreneurs, and entrepreneurial capital for trusted partnerships with a long-term horizon. 

Press contact Armira:
Desiree Ball
+49 (89) 330 3565 202
desiree.ball@armira.de
www.armira.de