ThyssenKrupp Technologies and EADS have reached an agreement on the industrial structure for Atlas Elektronik
Essen/Munich, 23 June 2006
Having received approval from the Competition Directorate of the European Commission, on 22 June 2006 ThyssenKrupp Technologies and EADS jointly agreed on a concept for the industrial structure of Atlas Elektronik. The central point of the industrial structure is 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 per cent holding and EADS 49 per cent.
The joint acquisition by ThyssenKrupp and EADS 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 Atlas Elektronik 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 defence systems. Through this new group, a strong maritime electronics and systems company will be established in Bremen.
ThyssenKrupp Technologies CEO Dr. Olaf Berlien and CEO of EADS' Defence & Security Systems Dr. Stefan Zoller spoke about the agreement: "The founding of this joint enterprise will considerably strengthen the German naval systems business and thus its global competitiveness."
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 (DS)
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 |
Stock Quotes
| ||||
 | ||||
 |
