Embraer Defense and Security and Atech Announce Strategic Partnership
- Embraer acquires 50% of the capital of Atech Negocios em Tecnologias SA
This relationship will increase the capacity of the companies for developing products and services in the area of command, control, computer, communications, and intelligence (C4I) systems.
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"Atech has thorough and solid knowledge, as well as products and services, in the C4I area, and the company is relevant to the Brazilian government in terms of systems that are critical to the Nation. In conjunction with Embraer Defense and Security, and due to the complementary nature of the portfolios, we will be better prepared for the challenges of the integrated systems market for defense and security, command and control, air defense, and air traffic control," stated Luiz Carlos Aguiar, President of Embraer Defense and Security.
"The partnership with Embraer is one more sign that the productive efforts under national control are responding to the provisos of the National Defense Strategy, by offering better conditions for defense investments to accelerate Brazil's technological development and strengthen its defense industry," said Tarcisio Takashi Muta, President of Atech. "For Atech, associating with a world-class company having a global presence means strengthening its technological capacity, and having greater business security to continuously respond, in line with the demands and challenges raised by our clients in Brazil, besides leveraging greater exportation of products with a high aggregate value."
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Source : Embraer - Empresa Brasileira de Aeronautica S.A. (NYSE: ERJ)