Federal government joins Hensoldt

On 29 March, the KfW banking group acquired 25.1% of the shares in radar manufacturer Hensoldt on behalf of the German government. This gives it a blocking minority. The participation rights are exercised by the federal government. The former division of the Airbus Group was only transferred to Deutsche Börse in September 2020. A few months later, the Federal Cabinet decided to acquire a corresponding amount of shares due to Hensoldt's relevance to the military security of the Federal Republic of Germany. The company is a leader in the sensitive areas of sensor and encryption technology in particular. In addition to the radar for the Eurofighter, Hensoldt also supplies the TRS-4D for the second batch of K 130 corvettes.
Hensoldt employs around 4,000 of its 5,500 employees in Germany and generated a turnover of 1.2 billion euros in 2020. This year, with a constant EBITDA margin of 18 per cent, the company aims to generate turnover of between 1.4 and 1.6 billion euros.

Text: mb; Photo: Hensoldt