Joint acquisition of Atlas successfully completed
Essen, Munich, 03 August 2006
With the successful conclusion of the acquisition, the so-called "Closing" on 03.08.2006, the acquisition of Atlas Elektronik has taken place. In a first step, ThyssenKrupp will acquire a 60 percent and EADS a 40 percent share in Atlas Elektronik. 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.
With Atlas Elektronik, both companies will pool their competencies in platform, electronic and system activities in the naval field, thus creating a strong naval electronics and systems company in Bremen.
With a workforce of 1,750, Atlas Elektronik is a leading company for electronics and systems and specializes in equipment and systems for naval forces and has a balanced technology base and product programme for submarines and surface vessels. The company is an established market leader in the development of integrated sonar systems for submarines and a supplier and systems partner to ThyssenKrupp Marine Systems.
ThyssenKrupp Marine Systems is a systems company with a strong position in naval shipbuilding and, with the focus on frigates and corvettes, it unites the core competencies of German naval shipbuilding in the area of conventional submarines and surface vessels.
EADS is contributing its core competence as electronics and systems integration partner of the shipbuilding industry which will strengthen and significantly improve the competitiveness of this business.
Manfred Meyersieck will take up the position of Chief Executive Officer of Atlas Elektronik. Further members of the management will be Kai Horten and Dieter Rottsieper.
ThyssenKrupp Technologies
ThyssenKrupp Technologies is an international, high-tech-oriented machine and plant construction company. offering systems, equipment, specialized machines and components as well as associated services are offered on the basis of world-leading market positions and innovative system and engineering competence.
EADS Defence & Security Systems
With revenues of about € 5.6 billion in 2005 and roughly 23,000 employees across nine nations, the EADS Defence & Security Systems (DS) division forms the defence and security pillar within EADS. As a Large Systems Integrator, DS offers integrated system solutions to the new challenges confronting armed forces and global security. It is active in the areas of manned and unmanned integrated combat and mission air systems, including related training systems, and in missile systems, battlefield management systems for all branches, global security solutions, secure networks, defence electronics, sensors and avionics as well as related services.
EADS is a global leader in aerospace, defence and related services. In 2005, EADS generated revenues of € 34.2 billion and employed a workforce of about 113,000.
Contact:
Anja Gerber
Essen
Tel.: +49 (0) 201 106 3264
mailto: anja.gerber@thyssenkrupp.com
Alexander Reinhardt
Munich
Tel.: +49 (0) 171 765 03 20
mailto: alexander.reinhardt@eads.com
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