The Optronics business line of German sensor house Hensoldt (Stands 09-B11, 09-B18) is to establish a joint venture (JV) with local company Atlas One-to-One Services LLC.
Under the terms of the agreement, signed at IDEX this week, Atlas Services will take a 51 per cent stake in the joint venture, with Hensoldt owning the remainder. As part of the deal, the two companies will establish an optronics centre of excellence for maintenance, repair and overhaul.
The JV agreement will allow Hensoldt to fulfil the offset obligations set by UAE Offset Authority Tawazun Economic Council in connection with the sale of Night Owl cameras, spotting scopes and night sight equipment.
The optronics centre of excellence, to be based in Abu Dhabi, will offer current and future customers in the UAE and in the wider region servicing capabilities for Hensoldt products at service level 3 with spare parts and special tools and test equipment.
Hensoldt will provide the necessary equipment, including a Night Owl M camera calibration system, and in-depth training of Atlas staff.