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Business/Financial

KKR To Acquire Airbus Group’s Defence Electronics Unit

By Cal Biesecker

Friday, March 18th, 2016

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KKR To Acquire Airbus Group’s Defence Electronics Unit

COBRA counter battery radar provided by Airbus Group's Defence Electronics unit. Photo: Airbus Group

Europe’s Airbus Group on Friday said that the global investment firm KKR [KKR] has agreed to acquire its Defence Electronics business for $1.2 billion, a major step in the portfolio shaping of the Airbus Defence and Space division announced in September 2014.The transaction is expected to close in the first quarter of 2017 subject to regulatory approvals and employee consultation. Airbus Group said it might retain a minority stake in the electronics unit.The Germany-based electronics business provides sensors, avionics, optronics,…

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