Abdullah Al Awani, Director Economic Partnerships Tawazun and Andreas Hülle, Managing Director HENSOLDT Optronics signing the cooperation agreement.

HENSOLDT establishes Joint Venture with Atlas Group

HENSOLDT’s Optronics business line and Atlas One-to-One Services LLC have agreed at IDEX to set up a Joint Venture.

Abu Dhabi, UAE, February 18 2019 – HENSOLDT’s Optronics business line and Atlas One-to-One Services LLC have agreed at IDEX International Defence Exhibition and Conference to set up a Joint Venture. As a further step, they will establish an Optronics Center of Excellence with a maintenance, repair and operations (MRO) capability.

By doing so, HENSOLDT, the German Sensor House, will fulfil its offset obligations set by United Arab Emirates Offset Authority Tawazun Economic Council (TEC), connected to the sale of NightOwl cameras, spotting scopes and night sight equipment to the United Arab Emirates.

The Optronics Center of Excellence, based in Abu Dhabi, will offer current and future customers in the United Arab Emirates (UAE) and in the region unique service capabilities for HENSOLDT products at service level 3 with spare parts and special tool and test equipment (STTE). HENSOLDT will provide the necessary equipment, including a Golden Unit of the Night Owl M camera system, as well as in depth training of personnel of the JV partner. In the future, the Optronics Center of Excellence will also provide service for third party products as well as a system integration capability and the sale of HENSOLDT’s electro-optical and other surveillance sensors for wide area surveillance in the region. These include thermal cameras, visual cameras, as well as laser, passive and active sensors.

”HENSOLDT and Atlas Group have a long-lasting relationship and together provide customer-oriented solutions to the General Headquarters (GHQ). The creation of the JV, of which 51 per cent will be held by Atlas Services and 49 per cent by HENSOLDT, will further develop and deepen the existing economic ties between both parties,” explains Andreas Hülle, Managing Director of HENSOLDT Optronics. ”This collaboration will allow the UAE to benefit from technology and local R&D, which was not available before. Our Joint Venture will support UAE’s economic development through the development and transfer of know-how, creating local job opportunities and enhancing HENSOLDT’s market access for security and safety applications in the region. Our joint venture will benefit from being able to provide local services to the end-user in the region.” The contract was signed by HENSOLDT and Atlas One-to-One Services LLC and will come into immediate effect.

About HENSOLDT

HENSOLDT is an independent, globally leading supplier of premium sensors for security and surveillance missions. The company is active throughout the world in such areas as missile warning systems and submarine periscopes. Moreover, HENSOLDT is very active in the market for radar systems, optronics and electronic protection systems. The company comprises the security and defence electronics activities of the Airbus Group, which were spun off from the group in 2017. HENSOLDT employs approximately 4,300 employees, generating annual revenues of about €1 billion.

www.hensoldt.net

Press contact

Carina Siegmund
+49.7364.9557.531
carina.siegmund @hensoldt .net

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