SAO PAULO, Sept. 25, 2013 /PRNewswire/ -- Embraer Defense & Security signed a contract to acquire the remaining 50% of Atech Negocios em Tecnologia S.A. 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. The deal is an important step in consolidating Embraer Defense & Security as a Strategic Defense Company and a provider of genuinely Brazilian integrated solutions.
"Our association has been particularly positive, creating a number of business opportunities and contributing to expanding the portfolio of products and services in the areas of systems, defense and security, and air traffic control, which complement the aeronautics business," said Luiz Carlos Aguiar, President of Embraer Defense & Security . "Furthermore, the fact of being able to count on Embraer's international recognition helps reinforce Atech´s position in Brazilian and foreign markets."
Atech is a developer of strategic command, control and intelligence solutions, and provides expert 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.Follow us on Twitter: @EmbraerSA Note to Editors Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) is the world's largest 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 U.S. Founded in 1969, the Company designs, develops, manufactures and sells aircraft and systems for the commercial aviation, executive aviation, and defense and security segments. It also provides after sales support and services to customers worldwide. For more information, please visit www.embraer.com.br. This document may contain projections, statements and estimates regarding circumstances or events yet to take place. Those projections and estimates are based largely on current expectations, forecasts on future events and financial tendencies that affect Embraer's businesses. Those estimates are subject to risks, uncertainties and suppositions that include, among others: general economic, political and trade conditions in Brazil and in those markets where Embraer does business; expectations on industry trends; the Company's investment plans; its capacity to develop and deliver products on the dates previously agreed upon, and existing and future governmental regulations. The words "believe", "may", "is able", "will be able", "intend", "continue", "anticipate", "expect" and other similar terms are supposed to identify potentialities. Embraer does not feel compelled to publish updates nor to revise any estimates due to new information, future events or any other facts. In view of the inherent risks and uncertainties, such estimates, events and circumstances may not take place. The actual results can therefore differ substantially from those previously published as Embraer expectations. CONTACTS: Headquarters ( Brazil) Rosana Dias firstname.lastname@example.orgCell: +55 12 9724 4929Tel.: +55 12 3927 1311Fax: +55 12 3927 2411 North America Robert Stangarone email@example.comCell: +1 954 260 9939Tel.: +1 954 359 3101Fax: +1 954 359 4755 Europe, Middle East and Africa Herve Tilloy firstname.lastname@example.orgCell: +33 6 0864 3545Tel.: +33 1 4938 4530Fax: +33 1 4938 4456 China Mirage Zhong email@example.comCell: +86 138 1191 8053Tel.: +86 10 6598 9988 Fax: +86 10 6598 9986 Asia Pacific Nilma Missir-Boissac Nilma.firstname.lastname@example.orgCell: +65 9012 8428Tel.: +65 6305 9955 Fax: +65 6734 3908
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV