Industrial Structure Agreed for Atlas Elektronik
ThyssenKrupp Technologies and EADS jointly agreed on a concept for the industrial structure of Atlas Elektronik, following approval from the Competition Directorate of the European Commission. The central point being the preservation of Atlas Elektronik as an independent company. The concept allows for the founding of a joint enterprise run by equal partners, with ThyssenKrupp Technologies having a 51 percent holding and EADS 49 percent.
The joint acquisition creates the best preconditions for the future development of Atlas Elektronik. The competence of ThyssenKrupp Technologies with the integration of the EADS naval systems business will enable the company to become one of the leading suppliers of maritime electronics in Germany with a competitively strong international market position.
The ‘Maritime Electronics House’ created through combining unique products, capabilities and strengths is optimally positioned to provide highly complex, integrated systems for platforms and large defense systems. Through this new group, a strong maritime electronics and systems company will be established in Bremen, Germany.
ThyssenKrupp Technologies’ CEO, Olaf Berlien, and CEO of EADS' Defence & Security Systems, Stefan Zoller, jointly stated, "The founding of this joint enterprise will considerably strengthen the German naval systems business and thus its global competitiveness."