The company has entered into an agreement to sell its 49% share in Atlas Elektronik Group to thyssenkrupp.
Airbus Defence and Space has entered into an agreement to sell its 49% share in Atlas Elektronik Group to thyssenkrupp, based in Essen, Germany.
With this acquisition, thyssenkrupp, which to date has held a 51% 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.
Closing of the transaction is subject to customary regulatory approvals.