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 submarines and heavyweight torpedoes . the company was a subsidiary of bae systems until december 2005 when it was sold to thyssenkrupp and eads . contents 1 history 1.1 sale 2 references 3 external links history edit prior to 2003 atlas elektronik was part of stn atlas elektronik gmbh a joint venture between rheinmetall and bae systems . in 2003 the company was split ; rheinmetall acquired the land systems business rheinmetall defence electronics and bae took control of the naval business keeping the name atlas elektronik . bae s involvement dates back to 1997 when british aerospace bae systems prior to marconi merger acquired 49 % from rheinmetall . sale edit bae systems announced it intended to sell the company in 2005 . the main bidders were thyssenkrupp eads thales group and l 3 communications . on december 30 the joint thyssenkrupp eads bid valued at 145 million 100m was named the winner with the companies holding 60 % and 40 % respectively . 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 french company thales bid 300 million but was blocked from purchasing atlas on national security grounds . 1 references edit business.scotsman.com german govt won t let thales buy atlas accessed 26 11 05 external links edit atlas elektronik gmbh company homepage v t e thyssenkrupp related articles alfried krupp von bohlen und halbach foundation atlas elektronik krupp alfried krupp von bohlen und halbach nordseewerke thyssen ag thyssenkrupp marine systems transrapid thyssen ag august thyssen fritz thyssen vereinigte stahlwerke thyssenkrupp marine systems blohm voss hellenic shipyards co. howaldtswerke deutsche werft nobiskrug nordseewerke retrieved from https en.wikipedia.org w index.php title atlas elektronik & oldid 620080408 categories defence companies of germanyhistory of bremen city navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch bahasa indonesiasuomi edit links this page was last modified on 6 august 2014 at 11 21 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view