In: Press Releases
Embraer Defense & Security Acquires Remaining 50% of Atech´s Shares
São Paulo, Brazil, September 24, 2013 – Embraer Defense & Security signed a contract to acquire the remaining 50% of Atech Negócios em Tecnologia S.A. shares, as part of its acquisition strategy. Since the Company had already acquired 50% of Atech, in April 2011, it now becomes the only shareholder of Atech.
The conclusion of the deal is subject to meeting certain conditions that are common to this type of transaction. The deal is an important step in consolidating Embraer Defense & Security as a Strategic Defense Company and a provider of genuinely Brazilian integrated solutions.
“Our association has been particularly positive, creating a number of business opportunities and contributing to expanding the portfolio of products and services in the areas of systems, defense and security, and air traffic control, which complement the aeronautics business,” said Luiz Carlos Aguiar, President of Embraer Defense & Security. “Furthermore, the fact of being able to count on Embraer’s international recognition helps reinforce Atech´s position in Brazilian and foreign markets.”
Atech is a developer of strategic command, control and intelligence solutions, and provides expert consulting services, as well as technical and logistical support. It works with all project phases: conceptual, specifications, development, integration, implementation management, installation, testing, maintenance, and training.
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