Cassidian buys into optronics division of Carl Zeiss
Cassidian and Carl Zeiss AG have agreed to run the optronics and optics activities of Carl Zeiss Optronics GmbH jointly in future.
In a contract signed on 13 July 2012 between EADS Deutschland GmbH – Cassidian’s German legal entity – and Carl Zeiss AG, the two partners stipulated that Cassidian would acquire 75.1 per cent of the shares in Carl Zeiss Optronics GmbH, headquartered in Oberkochen, Germany. Carl Zeiss will retain the remaining 24.9 per cent.
Incorporating this sector of Carl Zeiss is a strategic expansion on the part of Cassidian of its existing sensor product portfolio in the area of sensors. Carl Zeiss Optronics will be able to make use of Cassidian’s global sales channels, offices and subsidiaries, as well as its know-how in the area of business development, and gains long-term prospects for its existing business activities as a result of this venture.
The agreement includes a site and job security guarantee until 2015. The company will be part of Cassidian’s Sensors and Electronic Warfare Business Line.
Cassidian CEO Dr. Stefan Zoller said: “The acquisition of Carl Zeiss Optronics complements our existing industrial capabilities in the area of sensors, and will enable us in the coming years to develop an innovative, future-oriented and comprehensive 'Sensor House' which will provide the customer with complete sensor solutions from a single source and become well-established on the global markets.”