Leonardo completed the acquisition of a 25.1% stake in HENSOLDT from KKR for $730m.

Leonardo, an Italian aerospace and defense group, completed the acquisition of a 25.1% stake in HENSOLDT, a German military sensor maker, from KKR, a private equity firm, for $730m. This investment will allow Leonardo to establish a long-term strategic presence in the fast growing German defence market and to strengthen the long-standing partnership between the two companies through the definition of cooperation initiatives for the development of joint opportunities able to satisfy the advanced requirements of domestic and international customers in the Air, Land and Naval domains, leveraging on a strong complementarity between the two companies in terms of geography, product portfolio, end markets, customers and suppliers.