Product Code Database
Atlas Elektronik GmbH is a naval/marine electronics and systems business based in Bremen, Germany. It is involved in the development of integrated sonar systems for and heavyweight torpedoes.
The company was a subsidiary of BAE Systems until December 2005, when it was sold to ThyssenKrupp and EADS.
Atlas Elektronik became a wholly owned subsidiary of ThyssenKrupp Marine Systems in 2017.
During the First World War, Atlas Werke built for the Imperial German Navy.
After the war, the company shrank in size and began to focus on civilian technology, due to restrictions imposed by the Treaty of Versailles.
Following the Nazi seizure of power, the company grew to become an arms supplier for the Kriegsmarine. Atlas manufactured torpedoes, and , among other things.
Starting in the 1960s, the company switched ownership several times, including several years spent as subsidiary of Krupp (after 1965) and Bremer Vulkan (1991). In 1992, Atlas merged with STN Systemtechnik Nord, a large defence electronics supplier, into STN Atlas. Five years later, in 1997, STN Atlas was taken over by Rheinmetall (51%) and BAE Systems (49%).
In 2003 STN Altas was split; Rheinmetall acquired the land systems business (Rheinmetall Defence Electronics) and BAE took control of the naval business, keeping the name Atlas Elektronik.
The bid was complicated by the requirement of the German government to approve any sale as acceptable. The Financial Times described the sale as "cut price" because the French company Thales bid €300 million, but was blocked from purchasing Atlas on national security grounds.
Airbus Defence and Space announcement sale its remaining shares in Atlas Elektronik to ThyssenKrupp on 12 January 2017. The merge of ThyssenKrupp Marine Systems and Atlas Elektronik was completed on 3 April 2017.
The group also includes the associated subsidiaries Cybicom Atlas Defence (South Africa) and Advanced Lithium Systems (Greece)
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