Germany-based HENSOLDT has purchased EuroAvionics Group, which provides avionics systems for helicopters and unmanned aerial vehicles (UAVs), for an undisclosed sum.
The acquisition was completed after meeting all the legal requirements mentioned in the share purchase agreement.
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In May, HENSOLDT signed the agreement with Equistone Partners Europe and management to buy EuroAvionics.
HENSOLDT strategic business development head Celia Pelaz said: “The takeover of EuroAvionics is the perfect example of a strategic acquisition since both parties generate added value from our collaboration.
“We can now develop a comprehensive Avionics product line at HENSOLDT by combining the strengths of EuroAvionics in the civilian market and our own portfolio, which has primarily been geared towards the military up until now.”
With the acquisition, HENSOLDT is also expecting to improve its access to civilian helicopter manufacturers and fleet operators.
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By GlobalDataNew synergies are also expected to be created from a more efficient use of research and development funds to meet new customer requirements.
HENSOLDT is currently engaged in the production of various avionic systems, including situational awareness systems, mission computers and flight data recorders, for military helicopters and fighter aircraft.
EuroAvionics Group currently employs around 100 people and provides civil-certified avionics equipment for helicopters, thereby offering interfaces to various third-party avionics and sensors.
With subsidiaries in the UK, the US and Switzerland, the company also develops flight management systems, avionics computers and autopilot systems, particularly for unmanned aerial vehicles (UAVs).
Image: An EuroAvionics Group office. Photo: courtesy of HENSOLDT.
