What EUROATLAS does

EUROATLAS GmbH is a privately held German defense technology company founded in 1962 and headquartered in Bremen, operating across three product domains: power electronics (AC/DC, DC/AC, DC/DC, and AC/AC converters plus uninterruptible power supply solutions), optronics (high-performance vision systems), and autonomous underwater systems anchored by the GREYSHARK™ AUV. The legacy business designs and produces ruggedized power conversion equipment integrated into submarines, naval vessels, military vehicles, weapon systems, fighter jets, drones, and Airbus commercial aircraft, with deployment across 24 navies worldwide.

The company's emerging growth engine is the Greyshark autonomous underwater vehicle, which combines hydrogen fuel cell propulsion (enabling up to 16 weeks of continuous submerged operation), a 17-sensor payload with sub-2-centimeter seabed mapping resolution, Level 5 autonomous decision-making, and swarm-based real-time data sharing. Greyshark is positioned for long-range surveillance of undersea cables, gas pipelines, and strategic straits, and is being developed in partnership with EvoLogics for sonar and acoustic communications.

Revenue is generated primarily through direct hardware sales and integration services negotiated bilaterally with European defense ministries and NATO procurement channels, supplemented by OEM integration of power electronics into military and commercial platforms. In November 2025, EUROATLAS secured contracts worth over $116 million from two European governments for Greyshark fleet purchases, and is in active negotiations with Nordic-Baltic states for deployment targeted in early 2027, marking a clear pivot from a niche power-electronics supplier to a higher-growth autonomous maritime surveillance platform.

Name

EUROATLAS

Legal name

EUROATLAS GmbH

Website

https://euroatlas.de

Company type

Private

Founded year

1962

Operating status

Operating

Headcount range

51–100 employees

Short description

EUROATLAS is a Bremen-based German defense technology firm founded in 1962 that designs ruggedized power conversion systems, optronic vision equipment, and the Greyshark hydrogen-fuel-cell autonomous underwater vehicle for NATO and allied military forces.

Ownership category

akta.pro rank

Product category

Defense Electronics & Autonomous Maritime Systems

NAICS

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing (336415)

SIC

Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Electronic & Other Electrical Equipment (No Computer Equip) (3600), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Unmanned Underwater Vehicle (UUV) & Autonomous Submersible Manufacturing (IMAJAOAC)

akta.pro secondary industries

Unmanned Underwater Vehicles (UUV) & Autonomous Subsea Platforms (IMABAIAF), Maritime Unmanned Systems (USV/UUV) & Control Stations (IMABAKAJ), Unmanned Naval Vessels (USV/UUV) (IMAJABAH), Marine Hybrid & Electric Propulsion Systems (IMAJAHAC), Shore Power & Electrification Systems (Cold Ironing, Charging Interfaces) (IMAJAJAM)

Keywords

• Defense power electronics
• Military power converters
• Autonomous underwater vehicles
• Optronic vision systems
• Maritime surveillance technology

Headquarters

HQ city

Bremen

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Autonomous Underwater Vehicles: Sale of Greyshark autonomous underwater drones to defense ministries and military customers. Contracts typically range from tens to hundreds of millions of dollars for fleet purchases.
2. Power Electronics and Conversion Systems: Power supplies, distribution and conversion equipment for military and demanding commercial applications including submarines, AUV systems, vehicles, weapon systems, aircraft, and drones.
3. Optronic Vision Systems: Opto-electronic vision systems for military land, sea, and air applications
4. Defense Technology Integration Services: Integration of autonomous systems into existing military infrastructure and command systems, along with ongoing support and maintenance services

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

EUROATLAS designs and manufactures defense-grade power conversion electronics (AC/DC, DC/AC, DC/DC, and AC/AC converters), uninterruptible power supply (UPS) solutions, and high-performance optronic vision systems for naval, aerospace, and land military and commercial platforms. The company also develops the Greyshark autonomous underwater vehicle (AUV), a hydrogen fuel cell-powered unmanned submarine with up to 16 weeks of submerged endurance for maritime surveillance and protection of critical undersea infrastructure.

Product overview

EUROATLAS delivers advanced defence technologies across three main domains: power electronics (AC/DC, DC/AC, DC/DC, and AC/AC converters; UPS solutions), optronics (high-performance vision systems), and autonomous systems (Greyshark™ AUV). The product portfolio centers on power conversion products for military and demanding commercial applications in naval, aerospace, and land environments, supplemented by the company's emerging unmanned underwater vehicle platform. Greyshark™ represents the company's entry into autonomous maritime systems, featuring advanced sensor suites and hydrogen fuel cell propulsion for extended underwater operations.

Differentiator

Problem solved

Functional benefit

Brands

• GREYSHARK™: Autonomous underwater vehicle (AUV) designed for long-range surveillance and protection of critical subsea infrastructure, capable of 16 weeks underwater operation using hydrogen fuel cells

Products and services

• Greyshark™ AUV Autonomous underwater vehicle (AUV) featuring a 17-sensor integrated payload, hydrogen fuel cell propulsion enabling up to 16 weeks of continuous submerged operation, swarm capabilities for coordinated missions, real-time data connectivity, and sub-2-centimeter seabed mapping resolution. Designed for long-range maritime surveillance and protection of critical subsea infrastructure including undersea cables, gas pipelines, and strategic straits for NATO and allied defense forces.
• AC/DC Converter Power conversion equipment that converts alternating current to direct current, designed and ruggedized for military platforms and high-demand commercial applications including naval, aerospace, and land systems.
• DC/AC Converter Power conversion equipment that converts direct current to alternating current, designed for military and high-demand commercial applications where reliable inversion of DC power sources is required.
• DC/DC Converter Power conversion equipment that converts direct current to direct current at different voltage levels, designed for military platforms and high-demand commercial applications.
• AC/AC Converter Power conversion equipment that converts alternating current to alternating current at different voltage or frequency levels, designed for military and demanding commercial applications.
• Vision Systems High-performance opto-electronic vision systems designed for military land, sea, and air platforms and demanding commercial applications requiring ruggedized surveillance, targeting, or situational awareness imaging.
• UPS Solutions Uninterruptible power supply solutions engineered to provide continuous power to critical military and commercial systems, ensuring operational continuity where power reliability is mission-critical.
• Special Products

Quantifiable outcome

• 16 weeks continuous underwater operation (vs. typical AUV endurance of days)
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature6 records

Partnerships

One partnership is on record.

• EvoLogicscoreTechnology or Integration · 1 April 2026Euroatlas partnered with EvoLogics to develop the Greyshark autonomous underwater drone. EvoLogics provides advanced sonar and acoustic communication technology for the drone's navigation, communication, and detection capabilities. This partnership was instrumental in achieving the successful initial water tests of the Greyshark Foxtrot in April 2026.

Scale indicators9 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• ECA Group: ECA Group manufactures a portfolio of AUVs and ROVs (e.g., A18, A9) used by navies for mine countermeasures, survey, and security missions. It overlaps with Greyshark in customer base (NATO and allied navies) and core AUV mission profiles, including infrastructure protection.
• Kongsberg Maritime: Kongsberg's HUGIN AUV family is one of the leading commercial/military autonomous underwater vehicles worldwide, offering long-range, sensor-rich subsea survey and surveillance. It competes head-to-head with Greyshark for naval hydrographic, ISR, and infrastructure-protection contracts, particularly in Nordic-Baltic and European markets.
• Atlas Elektronik (TKMS): Atlas Elektronik, now part of TKMS, is a German-headquartered specialist in naval AUVs (e.g., SeaFox, ARCIMS) and submarine power systems, directly competing with EUROATLAS in both AUV sales and submarine/undersea power electronics for European and NATO navies.
• Saab: Saab's Sea Wasp and AUV62 are mine-countermeasure and reconnaissance AUVs sold to NATO and allied navies, overlapping directly with EUROATLAS's Greyshark target use cases (undersea surveillance, mine detection, infrastructure security). Saab is also an established European naval defense prime competing for the same defense procurement budgets.

Broad incumbents

• Northrop Grumman: Northrop Grumman is a leading U.S. defense prime with significant unmanned maritime and undersea systems capabilities (including large-diameter UUVs). It competes for the same allied AUV and undersea infrastructure-protection budgets that EUROATLAS is pursuing.
• Thales: Thales offers naval combat systems, sonar, and unmanned underwater solutions for NATO and allied fleets. Its undersea warfare and sonar portfolio competes with EUROATLAS's Greyshark sensor stack and broader naval electronics footprint across European defense ministries.
• BAE Systems: BAE Systems is a major naval and undersea defense prime with capabilities in unmanned underwater vehicles, submarine systems, and power electronics. It overlaps with EUROATLAS's naval defense focus and is increasingly active in autonomous undersea platforms for allied navies.
• Teledyne Marine: Teledyne Marine supplies a broad range of underwater vehicles, sensors, and imaging systems to defense, research, and commercial customers globally. While it covers a wider portfolio than EUROATLAS, it competes in the same AUV/sensor payload space that underpins Greyshark's value proposition.

Emerging players

• Anduril Industries: Anduril's Ghost Shark extra-large autonomous underwater vehicle is a direct competitor to EUROATLAS's Greyshark, targeting allied navies for long-endurance, low-cost undersea missions. Both companies pitch next-generation AUVs to NATO and Indo-Pacific governments for subsea surveillance and infrastructure protection.

Others

• EvoLogics: EvoLogics is EUROATLAS's technology partner on Greyshark, providing sonar and acoustic communication subsystems. It is an adjacent ecosystem participant in the AUV supply chain rather than a direct competitor, but its underwater comms and sonar IP are increasingly relevant to the same undersea-autonomy market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EUROATLAS