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HENSOLDT continues to expand abroad

German defense companies enjoy an excellent reputation worldwide, including the traditional company HENSOLDT with defense and security electronics.

Eulerpool News Jun 8, 2024, 11:15 AM

HENSOLDT, the renowned German company for defense and security electronics based in Taufkirchen near Munich, has achieved another significant milestone. In April 2024, the company announced the acquisition of ESG Elektroniksystem- und Logistik-GmbH. "The acquisition of ESG fits perfectly into our overall strategy and accelerates the development of HENSOLDT as a solutions provider for defense and security," explained HENSOLDT CEO Oliver Dörre in a press release. ESG specializes in the development, integration, maintenance, and operation of highly complex electronic and IT systems, which are primarily used in the areas of defense and security.

Here's the translation of the given heading to English:

"HENSOLDT has established an excellent reputation since its founding in the second half of the 19th century. Originally, the company focused on the manufacture of high-precision optical devices such as binoculars and telescopes, which were characterized by outstanding quality. Named after Moritz Hensoldt, a pioneer in optics, the company has developed several groundbreaking technologies and products throughout its history. These include advanced radar systems and innovative sensor solutions that are of critical importance in various environments, from maritime navigation to airspace surveillance."

A particularly significant moment in the company's recent history was the IPO of HENSOLDT AG in September 2020, which marked a new milestone. Today, HENSOLDT is a member of the MDAX on the Frankfurt Stock Exchange and enjoys an excellent international reputation.

In the wake of the Russian invasion of Ukraine in February 2022, HENSOLDT played a central role in the initial support of Ukraine. The company delivered several TRML-4D radars to Ukraine, both as standalone units and as integral parts of the IRIS-T air defense system.

The recent acquisition of ESG will further strengthen HENSOLDT's position as a leading provider of defense and security electronics. ESG brings extensive expertise in the development and integration of highly complex systems, which will help HENSOLDT to further expand its capabilities in the defense and security sectors. With this strategic acquisition, HENSOLDT continues its expansion and underscores its role as a key player in the defense industry.

The HENSOLDT share remains stable and benefits from positive corporate development. Investors are eagerly watching the company's next steps, as it continues to position itself as an innovative and reliable partner in the field of defense and security.

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