Cohort completes acquisition of Wärtsilä Elac Nautic GMBH
Cohort plc, the independent technology group, is pleased to announce that its acquisition of Wärtsilä ELAC Nautik GmbH has completed today. The company, which will be renamed ELAC SONAR, has officially joined the Group as its sixth standalone subsidiary.
A market leader in sonar systems technology for naval surface ships and submarines, ELAC SONAR will enhance the Cohort Group’s maritime defence system offering through its innovative technology in surface ship and submarine sonars, underwater communication systems and echo sounders. The company shares highly complementary expertise, capabilities and technologies with the other Cohort subsidiaries, providing significant opportunities to benefit customers.
ELAC SONAR’s product portfolio is renowned for its commitment to open architecture standards, modularity, reliability and acoustic performance. It works with navies, system integrators and shipyards globally to supply mission critical hydro-acoustic naval sensors – from fully-fledged submarine combat sonars, anti-submarine warfare sonars and submarine rescue sonars to digital underwater communications and measurement systems. Its services cover installation, consultancy, system integration, acceptance tests, upgrades and training.
With a customer base comprising global navies, shipyards, integrators and resellers, ELAC SONAR has products currently in operation with submarines and surface ships of navies including those of Germany, Korea, India, Indonesia, Italy, Japan, the Netherlands, Singapore, Sweden, Taiwan and Portugal.
The company was founded in 1926 and is based in Kiel, Germany, where it benefits from being close to the German Navy and the NATO Centre of Excellence for Confined and Shallow Waters. It has several global players in naval shipbuilding and the naval systems industry nearby. ELAC SONAR employs around 130 permanent staff and has a locally based, highly experienced operational management team, which will remain in place following the acquisition.
Andrew Thomis, Chief Executive Officer of Cohort, said: “We are delighted to welcome ELAC SONAR to the Group. This is a significant step for Cohort, adding a sixth standalone business to our portfolio. ELAC SONAR brings a leading position in the attractive and growing submarine and surface sonar markets, complementing our existing capabilities and giving the Group an exceptionally wide and capable offering in this important sector.”