Sunday 24 June 2018

Hensoldt takes over aircraft electronics provider EuroAvionics

BERLIN, August 17, 2017

Hensoldt, a recently founded German sensor house, has taken over the Pforzheim-based company EuroAvionics, a supplier of avionics systems for helicopters and UAVs.

Now that all the legal requirements have been met, the signed share purchase agreement has taken effect.

Hensoldt expects the takeover to give their existing avionics business a new boost as part of their growth strategy.

Celia Pelaz, head of strategic business development, Hensoldt, 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 our company 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,” she said.

In this way, Hensoldt will improve its access to civilian helicopter manufacturers and fleet operators. At the same time, synergies are expected from a more efficient use of research and development funds to meet new customer requirements.

EuroAvionics Group generates revenues of approximately €20 million ($23.48 million) with around 100 employees.

They are particularly strong in the market for civil certified avionics equipment for helicopters with interfaces to avionics and sensor systems supplied by third-party providers.

Their portfolio includes flight management systems as well as avionics computers and autopilot systems, particularly for UAVs. Apart from the headquarters in Pforzheim, the company has subsidiaries in the UK, the US and Switzerland, it stated. – TradeArabia News Service

Tags: | Electronics | aircraft | Hensoldt |

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