thyssenkrupp Takes Ownership of Atlas Elektronik

Industrial group, thyssenkrupp, is acquiring the 49 percent interest in the Atlas Elektronik currently held by Airbus and will therefore become the sole owner of Atlas Elektronik.

The Atlas Elektronik group is an international maritime company with a global reputation for sonar systems and has been a technology partner to thyssenkrupp Marine Systems for many years.

thyssenkrupp already holds a 51 percent interest in Atlas Elektronik and currently manages the company together with Airbus as a joint venture.

The full takeover will allow even closer cooperation between Atlas Elektronik and thyssenkrupp Marine Systems, for example in product development.

The purchase price has not been disclosed.