LONDON — British radar and security company Kelvin Hughes has been purchased by Hensoldt, the German sensor producer announced June 29.

The terms of the deal have not been made public, but Hensoldt said subject to regulatory approval it hoped to close the takeover by the end of September.

Kelvin Hughes is currently owned by British private equity firm ECI and the company management.

The company has an annual turnover of more than €30 million (U.S. $34 million) and employs approximately 200 people, most of them based at a site in London.

It's the second acquisition by Hensoldt since Airbus spun off its defense electronic and optronics businesses into the newly formed company in March 2017.

Last month, the company acquired the small German civil avionics producer EuroAvionics.

Kelvin Hughes is best known for it's maritime radar work. It's products are used by more than 30 navies and coast guards.

In a statement announcing the acquisition, Hensoldt CEO Thomas Müller said: "Kelvin Hughes is highly successful in the marine and security markets, while Hedsoldt has a strong position in the higher-end military and surveillance radar domain.

"Our portfolios and market access are perfectly complementary, and we will see significant growth from this transaction. The Kelvin Hughes portfolio will allow us to enter more price-sensitive markets, and their security solutions will add value to the Hensoldt products and bring us one step closer towards our strategic objective to develop our sensor house into a sensor solutions provider."

Andrew Chuter is the United Kingdom correspondent for Defense News.

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