Brazilian airframer Embraer´s (NYSE: ERJ) (BM&FBOVESPA: EMBR3) Embraer Defense & Security unit said it has signed a contract to acquire the remaining 50% of Atech Negocios em Tecnologia SA 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.
According to Embraer, the deal is an important step in consolidating Embraer Defense & Security as a Strategic Defense company and a provider of genuinely Brazilian integrated solutions.
Atech is a developer of strategic command, control and intelligence solutions, and provides 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.
Embraer is a manufacturer of commercial jets up to 120 seats, and one of Brazil´s leading exporters. Embraer´s headquarters are located in Sao Jose dos Campos, Sao Paulo, and it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the US.
Find out more at www.embraer.com.br.