Airbus Defence and Space to sell its 49 percent share in Atlas Elektronik Group to thyssenkrupp AG

MUNICH, 17-Jan-2017 — /EuropaWire/ — Airbus Defence and Space has entered into an agreement to sell its 49 percent 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 program which will allow it to focus on its core business.

Closing of the transaction is subject to customary regulatory approvals.

SOURCE: Airbus

About Airbus
Airbus is a global leader in aeronautics, space and related services. In 2015, it generated revenues of €64.5 billion and employed a workforce of around 136,600. Airbus offers the most comprehensive range of passenger airliners from 100 to more than 600 seats. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as Europe’s number one space enterprise and the world’s second largest space business. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.