DMB acquires naval navigation equipment manufacturer Anschütz Group

Dieter Murmann Beteiligungsgesellschaft mbH (DMB) has acquired Raytheon Anschuetz Panama, the Panamian subsidiary of Anschütz Group, as part of DMB’s buyout of the entire company.

Posted vendredi, mai 5 2023
DMB acquires naval navigation equipment manufacturer Anschütz Group

Anschütz Group is headquartered in Kiel, Germany, and has international subsidiaries in Panama City, Portsmouth (UK), Rio de Janeiro, Shanghai and Singapore.

Anschütz is both a leading manufacturer and an integrator of navigation, bridge, and mission systems for commercial and naval vessels, as well as an industrial partner in several national and international maritime research projects.

DMB is a diversified medium-sized industrial group also based in Kiel, and which has made a name for itself within the maritime economy and in international business.

"DMB is a strong partner with proven experience and expertise in international maritime business," said Michael Schulz, managing director of the future Anschütz GmbH.

"Our new owner enables us to achieve sustainable growth in our markets by reacting more quickly to the needs of our customers and creating innovations that generate additional customer benefits and shape the navigation of the future," he added.

The Anschütz company was founded in 1905 by Dr. Hermann Anschütz-Kaempfe after he invented the gyro compass for ships. Supported by Albert Einstein, Anschütz continued to develop the gyro compass over the years until 1925 when production of the well-known two-gyro compass began. 

Anschütz revolutionized shipping with numerous innovations, including the so-called iron helmsman, the chart plotter, the track control system and the first integrated navigation system with type approval. Anschütz has belonged to Raytheon Company since 1995, later Raytheon Technologies. During this time, Anschütz expanded the product range to include radar systems and electronic chart display and information systems.

In December 2022, DMB signed a purchase agreement with Raytheon Technologies, which became effective on February 27, 2023 due to the official approvals now available. The change of name from Raytheon Anschütz GmbH to Anschütz GmbH will officially be completed with the entry in the commercial register.

DMB was advised in Panama by local law firm Morgan & Morgan, with a team led by partner Roberto Vidal.