ThyssenKrupp to invest millions of euros in Israel’s Vsense Technologies
ThyssenKrupp to invest millions of euros in Israel’s Vsense Technologies
The agreement between Vsense and ThyssenKrupp subsidiary Atlas Elektronik will enable the Israeli company to develop production, maintenance, inspection, and repair capabilities for equipment installed on Israeli navy submarines
Atlas Elektronik, a subsidiary of German giant ThyssenKrupp, has signed a deal with Vsense Technologies, which will see it invest millions of euros in the Israeli company. This project is part of ThyssenKrupp's industrial cooperation plan with Israeli industry, which was approved by the Industrial Cooperation Authority (ICA) in July 2021.
Vsense is a supplier and system integrator of advanced communication and surveillance solutions for defense, maritime and industrial customers. Its agreement with Atlas Elektronik, the naval electronic division of ThyssenKrupp marine systems, will see Atlas accompany Vsense over time, enabling it to develop production, maintenance, inspection, and repair capabilities for equipment installed on Israeli navy submarines, through the purchase of necessary equipment, training sessions and technology and know-how transfer.
Through this program, Vsense will acquire independent capability to produce the required technology and acquire technical certification, thus becoming an official supplier for the Ministry of Defense in this field of activity.
“Our selection for the project reflects the technological ability and experience of Vsense when it comes to design, production, and maintenance of advanced communication and control systems,” said Ronen Kaplan and Yaakov Gal, joint CEOs of Vsense Technologies. “In the last decade, Vsense has been a market leader in the supply of a wide variety of electronic control and communication systems, including development and production capabilities for military, defense industry, and civilian industry customers. This agreement contributes significant technical knowledge to Vsense and will position the company as a market leader in supplying advanced communication and control systems to the Israeli Ministry of Defense and the Navy."
Idoh Ophir, Managing Director of Thyssenkrupp Marine Systems Israel: "The training and technological support project of Vsense Technologies will greatly contribute to the ability of Israeli industry to support the Navy. It is another example of broad cooperation between Thyssenkrupp and Israeli companies, which contributes to the growth of the entire Israeli industry."
