Saab divests all its shares in the U.S. based joint venture company Vricon Inc.
With reference to earlier announcement, Saab has now received a call option exercise notice from Maxar Technologies, Saab’s partner in the joint venture company Vricon Inc., to acquire all Saab’s shares in the company. The purchase price is $117 million.
The transaction’s financial implication for Saab will be a positive cash flow effect of $117 million and a preliminary capital gain of approximately 1 billion Swedish crowns. The agreed objective is to close the transaction by or before July 15, 2020.
Saab serves the global market with world-leading products, services and solutions within military defence and civil security. Saab has operations and employees on all continents around the world. Through innovative, collaborative and pragmatic thinking, Saab develops, adopts and improves new technology to meet customers’ changing needs.