thyssenkrupp Marine Systems’ new set up in Australia

thyssenkrupp has recently completed the total acquisition of Atlas Elektronik and its Australian subsidiary Sonartech

17th Oct 2017




thyssenkrupp Marine Systems’ new set up in Australia


thyssenkrupp has recently completed the total acquisition of Atlas Elektronik and its
Australian subsidiary Sonartech, a systems engineering company specialising in the design
and development of sonar systems for naval applications.

As a result of this acquisition and in-line with thyssenkrupp’s overall goal of integrating its businesses more closely to create
sustainable value, thyssenkrupp Marine Systems has re-evaluated its Australian business
set-up.


This strategic assessment concluded that the naval ship design and engineering arm of
thyssenkrupp Marine Systems Australia can be more efficiently and sustainably developed
under a new ownership structure. thyssenkrupp has therefore sold thyssenkrupp Marine
Systems Australia Pty Ltd through a management buyout.

The spare parts services business of thyssenkrupp Marine Systems in Australia will be integrated into the Australian
Sonartech business.


Dr. Rolf Wirtz, CEO of thyssenkrupp Marine Systems: “Australia continues to be an
important market for us. We are eager to compete in new projects and prove that we are
the best choice when it comes to naval shipbuilding.”


Mark Baker, Managing Director of Sonartech ATLAS, adds: “Sonartech has a positive track
record of supporting our customers in Australia and overseas, something we see as
fundamental to the relationship we have with our customers.

The integration of the spare parts business of thyssenkrupp Marine Systems into Sonartech maintains the local
presence and provides the local support thyssenkrupp Marine Systems customers expect.
We look forward to working with the customers, to ensure access to the innovative solutions
and longstanding experience they have come to appreciate.”


thyssenkrupp has been in the Australian marketplace for over 150 years supporting the
mining, construction and services industries. With more than 800 employees the diversified
industrial generated sales of around AUD500 million in Australia in fiscal year 2015/2016.


Through this new arrangement thyssenkrupp Marine Systems will continue to work with the
Royal Australian Navy providing spare parts for the ANZAC frigates and access to high
performance innovative technology, such as the HABETaS® individual escape system and
IDAS active self defence system for airborne ASW threats for the upcoming new build
projects.
 

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