The Commission for the Protection of Competition received a notification of a proposed concentration, concerning the acquisition of the share capital of EuroAvionics Holding GmbH by Kohlberg Kravis Roberts & Co. L.P. through Hensoldt Holding Germany GmbH.
Kohlberg Kravis Roberts & 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 Kohlberg Kravis Roberts & 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 Kohlberg Kravis Roberts & Co. L.P. The company is active in the production and distribution of sensor systems, including military radar, military communications systems and devices for defense and security applications as well as related services.
EuroAvionics Holding GmbH is a company duly registered under the laws of Germany which produces and distributes avionics solutions for Situational Awareness Systems that consist mainly of navigation functions. The scope of the systems offered by EuroAvionics Holding GmbH includes Search and Rescue, Law Enforcement, Medical Exceptional Services Emergency Medical Services and Surveillance.