Saab welcomes a new business unit - Saab Microwave Systems. The historic acquisition of the former Ericsson company was announced in June and has now been approved by the EU commission.
Another Saab acquisition announced during the spring was that of Maersk Data Defence. This acquisition has now also been approved by the Danish Ministry of Justice.
These acquisitions will enable Saab to grow and therefore expand its already broad and advanced product portfolio in defence, aviation, space and civil security.
Access to unique know-how
“The acquisition of Saab Microwave Systems is a strategically important, long-term deal and one of the most important in Saab’s history. It gives us access to unique know-how in sensor technology and strengthens our position on the world market,” says Saab CEO, Åke Svensson.
Saab Microwave Systems has approximately 1,250 employees and the business unit now forms part of the Systems and Products business segment within Saab. Saab Microwave Systems has over 50 years of experience within radar development and has supplied more than 3,000 radar systems in over 30 countries. This creates new and sustainable business opportunities for Saab.
Saab has been working closely with the new business unit for a long time. Saab Microwave Systems supplies radar systems for the Gripen fighter and the acquisition enables Saab to create scope of action to secure continued development of the Gripen program. Moreover, the advanced airborne surveillance system, complete with Saab Microwave Systems’ Erieye radar for Saab 2000 aircraft, is already established on the international market.
Maersk Data Defence is one of Denmark’s largest defence corporations. This acquisition complements and reinforces Saab’s product portfolio in communication, command and control systems. The operation, with 210 employees in Copenhagen and Sønderborg, will be part of the business units Saab Communication and Saab Systems.
Maersk Data Defence was previously part of the Maersk Group, which enjoys a leading role in Danish industry with interests in oil, gas, transport and other areas.
Full ownership of Saab Space
The acquisition of Saab Microwave Systems also included Ericsson’s 40-percent share of the jointly-owned company Saab Ericsson Space. Thus, this business unit, renamed Saab Space, is now wholly owned by Saab. This increases the potential to consolidate Saab’s position as Europe’s largest subcontractor for equipment for commercial satellites.