BREMEN, Germany - In a strategic move to further concentrate its business focus on the international naval and civil security markets, Atlas Elektronik GmbH has sold the business of Atlas Hydrographic GmbH to Teledyne Reson GmbH, a subsidiary of Teledyne Technologies. Terms of the transaction, where Seabury Group acted as exclusive financial advisor, were not disclosed.
Atlas Hydrographic GmbH designs, manufactures, and integrates marine sonar systems for civil mid and deep water applications and specializes in high-performance, customized, complete hydrographic survey systems.
Atlas Hydrographic GmbH's products include advanced multi-beam echo sounders and sub-bottom profilers suitable for marine imaging to extreme depths of the greatest ocean trenches, as well as beneath the ocean floor. As a new member of the Teledyne Group, Atlas Elektronik GmbH will now focus on the development of advanced military and civil security technologies and systems with increasing efforts in that business.
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