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JANUARY 2017 ISSUE

Airbus sells its shares in Atlas Elektronik to Thyssenkrupp
 
Airbus sells its shares in Atlas Elektronik to Thyssenkrupp

Airbus Defence and Space has entered into an agreement to sell its 49 per cent share in Atlas Elektronik Group to Thyssenkrupp AG based in Essen, Germany. With this acquisition, Thyssenkrupp, which to date has held a 51 percent share in the company, will become the sole owner of Atlas Elektronik.

“The sale of its shares in Atlas Elektronik, a supplier of cutting-edge maritime technology, is part of Airbus Defence and Space’s divestment programme which will allow it to focus on its core business”, said a statement from Airbus. The regulatory approvals for this transaction will soon follow.

 
 


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