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Turbulence and takeovers

机译：动荡和接管

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Germany's maritime defence industry is weathering its biggest ever period of consolidation in the face of perpetually stagnating national defence spending and restrictive export controls. JNI looks at the issues and opportunities facing the Industry's major players. Even by the standards of a global industry famed for its labyrinthine ownership trails and seemingly endless purchase and sales of companies, 2005 will go down as a turbulent year for the German maritime defence industry. The year opened with ThyssenKrupp's virtual takeover of the country's shipyard operations — leaving only Luerssen in private family hands — and looks like closing with BAE Systems' sale of Atlas Elektronik and its key radar and unmanned underwater vehicle activities. As JNI was going to press, there were seven major bidders for the company— EADS, Finmeccanica, L-3 Communications, OHB, Saab AB, Thales and ThyssenKrupp — and under the German government's protectionist policy of trying to retain the defence industry in German hands, EADS and ThyssenKrupp appear to have a key advantage.
机译：面对长期停滞的国防开支和严格的出口管制，德国海上国防工业正在经历其有史以来最大的合并时期。 JNI着眼于行业主要参与者面临的问题和机遇。即使按照以迷宫般的所有权轨迹和看似无休止的公司买卖而闻名的全球工业标准，2005年对于德国海上国防工业来说也是动荡的一年。蒂森·克虏伯（ThyssenKrupp）虚拟接管了该国船厂业务，这一年拉开了序幕，只有卢森（Luerssen）掌握在私人家族手中—看起来像是BAE Systems出售Atlas Elektronik及其主要雷达和无人水下航行器业务结束了。在JNI即将付印之时，该公司有7个主要竞标者，分别是EADS，Finmeccanica，L-3 Communications，OHB，Saab AB，Thales和ThyssenKrupp。在德国政府的保护主义政策下，试图保留德国的国防工业手中，EADS和蒂森克虏伯似乎具有关键优势。

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