TAUFKIRCHEN (dpa-AFX) - The defense electronics group Hensoldt intends to complete the takeover of electronics specialist ESG in the coming days. The purchase should be completed around the end of the first quarter, Hensoldt announced in its annual report published on Friday in Taufkirchen near Munich. ESG should then be included in Hensoldt's figures from the second quarter. According to a spokesperson, the company will then adjust its business forecast for the current year. The Federal Cartel Office approved the takeover at the beginning of February.

To date, Hensoldt CEO Thomas Müller expects turnover to rise to around two billion euros and a significant increase in order intake in 2024. The targets stated in February still apply, said the spokesperson. However, this does not yet include ESG's business./stw/jha/