German sensor solutions provider Hensoldt announced that it has completed the acquisition of ESG Elektroniksystem- und Logistik-GmbH, a manufacturer-independent system integrator and technology and innovation partner for defense and public safety.
The acquisition was agreed upon last year and went into effect on April 2nd 2024.
“The acquisition adds strong design and system integration capabilities to HENSOLDT's product and solutions business and creates a national champion in defense electronics,” stated Hensoldt in a press release announcing the acquisition.
Regarding the acquisition, Hensoldt CEO Oliver Dörre said:
“The acquisition of ESG fits perfectly into our overall strategy and accelerates the development of HENSOLDT as a solution provider for defense 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 explained the opportunities resulting from the acquisition:
“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."
ESG Elektroniksystem- und Logistik-GmbH was founded in 1967. The company develops, integrates, supports, and operates highly complex, security-relevant electronic and IT systems in the fields of defense and security. ESG has established itself as a leading German systems house and plays a key role in important current and future programs such as FCAS (Future Combat Air System) and the F-35. The company employs around 1,400 people in Germany, the Netherlands and the USA and generated sales of around 330 million euros in 2023.
