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Completed
Synopsis
Hensoldt, a multinational which focuses on sensor technologies, completed the acquisition of Kelvin Hughes, the provider of security and maritime radar solutions, from ECI, a UK private equity firm. Financial terms were not disclosed. “Kelvin Hughes is highly successful in the marine and security markets, while Hensoldt has a strong position in the higher-end military and surveillance radar domains. Our portfolios and market access are highly complementary and we will see significant growth from this transaction. The Kelvin Hughes product portfolio will allow us to enter more price-sensitive markets and their security solutions will add value to the Hensoldt products and bring us one step closer towards our strategic objective to develop our Sensor House into a Sensor Solutions provider," Thomas Müller, Hensoldt CEO.
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