Leonardo Secures 25.1% Stake in HENSOLDT: A Strategic Leap Forward

Leonardo has successfully finalized the purchase from Square Lux Holding II S.à r.l., a portfolio entity governed by funds advised by Kohlberg Kravis & Roberts & Co. L.P, of 25.1% of the shares in HENSOLDT AG (“HENSOLDT”), a prominent German entity in the domain of sensors for defense and security applications, expanding its offerings in sensors, data management, and robotics, for a monetary consideration of € 606 million.

This deal marks a significant advancement in facilitating Leonardo’s strategic aim of attaining a dominant role in the European Defence Electronics sector, as outlined in the “Be Tomorrow – Leonardo 2030” Plan. It demonstrates Leonardo’s commitment to actively participating in the ongoing consolidation process, particularly regarding potential cooperation initiatives across continental Europe.

This capital injection will empower Leonardo to secure a long-term strategic foothold in the rapidly expanding German defense market and to fortify the enduring collaboration between the two enterprises through the establishment of cooperation initiatives focused on developing joint ventures that meet the sophisticated demands of domestic and international clients in the Air, Land, and Naval sectors, capitalizing on the strong synergy between the two firms in terms of geography, product range, end markets, clientele, and suppliers.

With this agreement, Leonardo, leveraging its established industrial footprint in Italy, the United Kingdom, the USA, and Poland, initiates a new strategic alliance with a leading industrial force in the Aerospace, Defence, and Security arena in Germany. This collaboration will contribute to the sustainable advancement of the respective sectors at the national scale while ensuring strategic independence on critical technologies aimed at enhancing the competitiveness of the European industrial landscape.