Saab to ac­quire Me­dav

SP's MAI - - CORPORATE NEWS -

De­fence and se­cu­rity com­pany Saab AB has ac­quired 100 per cent of the Ger­man com­pany Me­dav, spe­cialised in the ap­pli­ca­tion of sig­nal pro­cess­ing, pat­tern recog­ni­tion and in­for­ma­tion tech­nol­ogy, for ap­prox­i­mately MEUR 27 (about MSEK 229). The ac­qui­si­tion strength­ens Saab’s prod­uct port­fo­lio within ra­dio mon­i­tor­ing and in­tel­li­gence fu­sion sys­tems.

Me­dav is a lead­ing provider of sig­nal, elec­tronic and com­mu­ni­ca­tion in­tel­li­gence. The ac­qui­si­tion ad­vances Saab’s po­si­tion in ra­dio mon­i­tor­ing and in­tel­li­gence fu­sion sys­tems and strength­ens the mar­ket pres­ence glob­ally as well as in Europe. The ac­qui­si­tion pro­vides a growth plat­form from which Saab can build on the com­bined in­stalled base and skills in sys­tems en­gi­neer­ing, de­sign and in­te­gra­tion. Me­dav cus­tomers and part­ners will ben­e­fit from Saab’s over­all prod­uct port­fo­lio and global sup­port op­er­a­tions.

Me­dav will con­tinue op­er­a­tions in Ger­many as a fully owned sub­sidiary within the Saab Group.

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