The Commission for the Protection of Competition received a notification of a proposed concentration, concerning the acquisition of the share capital of ΚΗ Holdco Ltd by K.K.R. & Co. L.P., via Hensoldt Holding Germany GmbH.
K.K.R. & Co. L.P is a multinational private equity company that offers a wide range of alternative investment funds and other investment products to investors. The company also provides capital market solutions. Equity funds managed by K.K.R. & Co. L.P invest in companies in various sectors.
Hensoldt Holding Germany GmbH, is a company duly registered under the laws of Germany and is the former Defense Electronics Division of Airbus Group SE which was acquired recently by investment funds which are consulted and controlled by K.K.R. & Co. L.P. The company is active in the production and distribution of sensor systems, including military radars, military communications systems and devices for defense and security applications as well as related services.
ΚΗ Holdco Ltd is a company duly registered under the laws of England and Wales and creates, manufactures and distributes maritime navigation systems, surveillance and security radar systems. In particular, ΚΗ Holdco Ltd provides short-range radar (<50 km) for terrestrial and marine safety applications called SharpEye