Latest news with #optronics
Zawya
23-05-2025
- Business
- Zawya
Hensoldt to sell South African optronics business, says source
Reuters - German defence electronics maker Hensoldt plans to divest its optronic subsidiary in South Africa, a source familiar with the matter told Reuters on Friday. The source said that the firm is in talks with around twenty parties for the transaction to divest the subsidiary, which generates around 15 million euros ($17.02 million) but operates at a loss. Hensoldt, which produces radar and high precision optics used in aircraft, ships and tanks, declined to comment. The news agency Bloomberg first reported on the plan. The subsidiary produces, among other things, cameras for helicopters and drones. ($1 = 0.8814 euros) Reuters
Reuters
23-05-2025
- Business
- Reuters
Hensoldt to sell South African optronics business, says source
May 23 (Reuters) - German defence electronics maker Hensoldt ( opens new tab plans to divest its optronic subsidiary in South Africa, a source familiar with the matter told Reuters on Friday. The source said that the firm is in talks with around twenty parties for the transaction to divest the subsidiary, which generates around 15 million euros ($17.02 million) but operates at a loss. Hensoldt, which produces radar and high precision optics used in aircraft, ships and tanks, declined to comment. The news agency Bloomberg first reported on the plan. The subsidiary produces, among other things, cameras for helicopters and drones. ($1 = 0.8814 euros)
News24
23-05-2025
- Business
- News24
German radar maker looking to sell SA business
For more financial news, go to the News24 Business front pag e. German radar maker Hensoldt AG is exploring options for its South African optronics business, including a potential sale, according to people familiar with the matter. Hensoldt is working with Deloitte to review the business, said the people, who asked not to be identified because discussions are private. The operation could attract interest from companies in the field, as well as buyout firms. The Hensoldt business sells products including gimbal-mounted cameras that can assist helicopters, fixed-wing aircraft and unmanned aerial vehicles in surveillance and targeting. The unit builds airborne electro-optical and infrared systems, including the Argos and Bushbaby brands. A sale of the South African operation, which is viewed as non-core, wouldn't impact Hensoldt's German optronics business, which is a key part of future growth, some of the people said. South Africa is the company's largest industrial base outside Germany, with products including electromagnetic warfare kit, optronics, radar and datalinks, as well as spectrum management and security solutions. Representatives for Hensoldt and Deloitte declined to comment. Hensoldt's main optronics division, headquartered in Oberkochen, employs around 1,000 people and makes products including thermal imaging cameras, periscopes for armored vehicles and submarines, and precision optics for chipmaking. Owners of defense assets are seeking to tap the rising demand among buyout firms to invest in Europe's military sector. Governments in the region have pledged to spend hundreds of billions of euros to boost Europe's homegrown capabilities and reduce dependence on the US.
Bloomberg
23-05-2025
- Business
- Bloomberg
Hensoldt Is Said to Explore Sale of South African Optronics Unit
German radar maker Hensoldt AG is exploring options for its South African optronics business, including a potential sale, according to people familiar with the matter. Hensoldt is working with Deloitte to review the business, said the people, who asked not to be identified because discussions are private. The operation could attract interest from companies in the field, as well as buyout firms.
