HENSOLDT completes acquisition of ESG

Major growth opportunities for national champion in defence electronics  

Sensor solutions provider HENSOLDT has completed the acquisition of ESG Elektroniksystem- und Logistik-GmbH, which was agreed last year, with effect from 2 April 2024 after receiving all official approvals. ESG is a leading platform- and manufacturer-independent system integrator as well as an established technology and innovation partner for defence and security. The acquisition adds strong design and system integration capabilities to HENSOLDT's product and solutions business and creates a national champion in defence electronics. 

HENSOLDT CEO Oliver Dörre emphasises: "The acquisition of ESG fits perfectly into our overall strategy and accelerates the development of HENSOLDT as a solution provider for defence and security. By combining the highly complementary capabilities of HENSOLDT and ESG, we are taking a decisive step towards becoming a leading European provider of seamlessly integrated solutions. This step accelerates our international growth and opens up excellent development opportunities for ESG through capital market access."

Christoph Otten, Managing Director of ESG, also emphasises the many opportunities: "The deal gives ESG the backing of a financially strong listed company and access to international markets. As part of complete solutions, we can develop our excellent capabilities as a system integrator, technology and innovation partner even better."

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 a global reach. Based in Taufkirchen near Munich, the company develops complete sensor solutions for defence and security applications. As a system integrator, HENSOLDT offers platform-independent, networked solutions. Being a technology leader, the company is also driving forward 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. In 2023, HENSOLDT achieved a turnover of 1.85 billion euros. Following the acquisition of ESG GmbH, the company employs around 8,500 people. HENSOLDT is listed on the Frankfurt Stock Exchange in the MDAX.

www.hensoldt.net

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