The German company Thyssenkrupp will invest in Vsense Technologies 25/12/2022

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.

Atlas Elektronik, the Naval Electronic division of the German thyssenkrupp Marine Systems and Vsense Technologies, which is an Israeli supplier and system integrator of advanced Communication and surveillance solutions for defense, maritime and industrial customers, signed an agreement to collaborate on a one-of-a-kind project. As part of the project, Atlas will 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.

The technological training that will be awarded by Atlas and thyssenkrupp and the purchased equipment will provide a meaningful contribution to the Israeli economy and will allow Vsense to develop advanced technologies and become an independent supplier in the field.

Idoh Ophir, Managing Director of thyssenkrupp Marine Systems Israel:

"I am excited and proud to have signed this cooperation agreement. 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."

Ronen Kaplan and Yaakov Gal, joint CEOs of Vsense Technologies:

"We are happy that we were chosen by thyssenkrupp and Atlas for this strategic project with the Ministry of Defense and the Israeli Navy. 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. 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."

Inon Elroy, Vice Director General of the Ministry of Economy and Industry, and Head of the Industrial Cooperation Authority:

"The Industrial Cooperation Authority is very proud to have reached the agreement between Thyssenkrupp and Vsense. The cooperation is made possible by the long and consistent work of the Industrial Cooperation Authority team with thyssenkrupp, Vsense, the Navy, and the ministry of Defense to transfer advanced capabilities and work to Israeli industry that will allow, beyond the economic aspect, also functional continuity, supply, and support available to the Navy and the submarine array. The Israel Defense Forces work to strengthen Israeli industry and this cooperation is a successful example of a project that brings significant added value to both industry and the Navy and the system the security".