LEONARDO S.p.A. has announced that it has signed a purchase agreement for 25.1 percent of the shares in HENSOLDT AG with HENSOLDT's majority shareholder, Square Lux Holding II S.à r.l., a portfolio company of investment funds advised by KKR.
HENSOLDT, thus, will gain one additional major shareholder and future potential strategic partner. The sale is subject to usual regulatory closing conditions.
LEONARDO investment in HENSOLDT
Square Lux Holding II S.à r.l. will still hold around 18% of HENSOLDT, after completion of the sale to LEONARDO S.p.A.
Square Lux Holding II S.à r.l. will still hold around 18 percent of HENSOLDT, after completion of the sale to LEONARDO S.p.A. and after completion of the sale to Kreditanstalt für Wiederaufbau (KfW), which acts on behalf of the German Federal Government. Square Lux Holding II S.à r.l. had agreed to sell a stake of 25.1% to KfW in March 2021.
Thomas Müller, the Chief Executive Officer (CEO) of HENSOLDT, said “We very much welcome LEONARDO's investment in HENSOLDT. With this transaction, we will have a second long-term anchor shareholder in our company and a strong potential strategic partner with whom we are already successfully working together on a number of programs.”
Key player in the European defense market
Thomas Müller adds, “As a leading provider of sensor solutions for defense and security applications, it has always been our goal to play a decisive role in the consolidation of the European defense market. We see multiple opportunities of working together with LEONARDO, to further support our successful strategy and to be able to strengthen HENSOLDT's long-term growth.”
As an independent, listed company, HENSOLDT has successfully expanded its market position in recent months. As an important technology partner and strategic supplier of key national technology, HENSOLDT plays a significant role in decisive areas of the German defense and security sector. The shareholder structure, therefore, safeguards both German security interests and the independence of the company.