Aug 4 2006
With the closing successfully concluded on August 3, 2006, the takeover of Atlas Elektronik has now been consummated. In the first phase of the deal, ThyssenKrupp and EADS acquire 60- and 40-percent stakes in Atlas Elektronik, respectively. In a second step, to take place in the near future, EADS will integrate its entire maritime electronics business into Atlas Elektronik, after which ThyssenKrupp will hold 51 percent and EADS 49 percent of the shares.
The takeover will permit the two owners to bundle their capabilities in both naval platform and electronics/systems business with a view to creating a strong naval electronics and systems company. The joint acquisition and the contribution of EADS's naval business will do much to strengthen Atlas Elektronik at its Bremen location.
With a workforce of 1,750, Atlas Elektronik is a leader in the market for electronics and systems, specifically used in naval forces equipment and systems. The company has a well-balanced technology base and a product range for both submarines and surface vessels. It is foremost in the market for developing integrated sonar systems for submarines and has for many years acted as a ThyssenKrupp Marine Systems supplier and systems partner.