We established our first footprint in France with our site in Plaisir, the headquarters of HENSOLDT France SAS. The activties of HENSOLDT France SAS were divested from the Airbus Group in 2018 following the sale of various electronics activties, which formed the basis of HENSOLDT.
HENSOLDT France SAS generates revenues of approximately € 20 million per year with a workforce of about 80 people, including subcontractors and support services. Eighty per cent of the employees are seasoned engineers.
In 2019, we started the aqusition process of a major part of the activities of Nexeya, Chatenay/France, a provider of services and electronics solutions for defence and commercial customers. The closing is expected after obtaining all necessary approvals in the third quarter of 2019.