Saab sells Saab Marine Electronics to Emerson
15 January 2001
Emerson is acquiring 100% of Saab Marine Electronics.
The sale is estimated to approximately 800 MSEK and will have a positive
effect on Saab's net cash flow.
"The sale is fully in line with Saab's strategy of realizing values for
its shareholders from the commercial operations generated from military
technology. This is also an important step for Saab Marine Electronics in
their future development," says Bengt Halse, President and CEO.
Saab Marine Electronics products have been developed from a radar
altimeter for missiles produced by Saab. Further development of the
military technology resulted in a spin-off for the commercial market in
the form of level-gauging systems for tankers. Saab Marine Electronics
quickly gained a leading position in the international market and is now a
leading company in radar-based level-gauging also for the oil and process
"Joining the Fisher-Rosemount Group is an important step in our growth
strategy," states Kurt Isaksson, President of Saab Marine Electronics.
The sales is subject to approval by the relevant merger control
Saab is northern Europe's leading high technology company, mainly active
in the defense, 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:
Kurt Isaksson, President, Saab Marine Electronics AB phone:
+46 31 3370 227
Gert Schyborger, Group Senior Vice President, Saab AB phone:
+46 13 184050
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Last updated: 23 January 2015 • 14:43