Saab Ericsson acquires majority interest in Fokker Space

Saab Ericsson Space acquires majority interest in Fokker Space

Saab Ericsson Space, headquartered in Göteborg, Sweden will acquire 65% of
the leading Dutch space company Fokker Space. Stork, the major aerospace
industry in the Netherlands, will acquire the remaining part of the
shares. Fokker Space is a prime supplier of solar arrays, is also a
specialist in advanced robotics technology and is prime contractor of the
European Robotic Arm. The company's expertise in "light-rigid" and strong
structural components has led to close involvement in the Ariane launcher
development and production program. Fokker Space has 400 employees and
Euro 100 million in annual sales.

Bengt Halse, President and CEO of Saab AB:
"The acquisition reinforces the position of Saab Ericsson Space as a
world-leading supplier of aerospace equipment. Saab AB shall grow
organically or through acquisitions. This philosophy is in accordance with
Saab's general market strategy".

The parties have today signed the Letter of Intent and after a due
diligence and subject to approval by relevant competition authorities the
transaction will be closed in the beginning of next year.

This move further strengthens Saab Ericsson Space competitiveness on the
international space market. The build up of an independent strong network
of subsystem suppliers started successfully some years ago with the
acquisition of the two leading Austrian space companies, today reorganised
into Austrian Aerospace. The acquisition of Fokker Space is a continuation
of this strategy.

Bengt Mörtberg, President and CEO of Saab Ericsson Space: " With the
acquisition of Fokker Space we are strengthening the company's product
portfolio by adding new strong niche products and we will now become an
even more attractive partner. We've been working with Fokker Space for
many years and the skills and business-like approach we've seen impress
us. Our corporate cultures also fit very nicely together. Now we're taking
a new step and entering as a majority owner. Saab Ericsson Space together
with Austrian Aerospace and Fokker Space will work closely in terms of
product development, purchasing and marketing. This new acquisition is
also a logical step in the restructuring process that is needed in the
European space industry, also at suppliers level".

Hans Berends van Loenen, Group Director of Stork Aerospace:" For Stork,
the shareholding in Fokker Space means a strengthening of the synergy
between aviation and aerospace technologies in general, and a
strengthening of the space activities in particular. The technological
innovation in space is very significant for the aviation and defence
industries".

Fokker Space will, as a consequence of the acquisition, change its name to
Dutch Space Industry BV (DSI). Mr Pieter G. Winters continues as President
and CEO and will also be appointed Senior Vice President of Saab Ericsson
Space.
Saab Ericsson Space Group, an independent supplier of space equipment, is
jointly owned by the two listed Swedish companies Saab, active in defence
and aerospace, and the telecom group Ericsson. The company's main products
are, after the acquisition of Fokker Space, digital and microwave
products, mechanical systems, thermal hardware, structures, solar arrays
and advanced robotics technology for launch vehicles, satellites and other
spacecraft. The headquarters are located in Göteborg, Sweden, and there
are subsidiaries in Austria, the Netherlands and the USA. Saab Ericsson
Space employs
1 000 people.

Saab is northern Europe's leading high technology company, mainly active
in the defence, aviation and space industry, and offers advanced products
and systems based on sophisticated information technology. The business
areas within Saab are Infomatics, Aerospace, Dynamics, Technical Support
and Services, Space and Aviation Services.


For further information, please contact:
Iréne Svensson, Communications Director, phone: +46 31 735
44 63
Saab Ericsson Space mobil: +46 705 35 08 18

Fief van Drumpt, Communications Manager, phone +31 71 52 45 135
Fokker Space

Dick Kors, Comuunications Manager, Stork NV mobile: +31 65 19 84 054

www.saab.se

Information also available on www.space.se

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