Airbus Defence and Space has entered into an agreement to sell its 49% share in Atlas Elektronik to Thyssenkrupp AG. 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 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.

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