Saab Ericsson Space terminates negotiations on the purchase of Fokker
Saab Ericsson Space has decided not to complete the planned acquisition
of Fokker Space BV of Leiden, The Netherlands. It has not been possible
to reach a consensus between the seller and the buyers, Saab Ericsson
Space and Dutch Stork,
on satisfactory guarantees for certain earlier commitments. The
negotiations have therefore been terminated.
"We have not been given satisfactory guarantees, which means that we
cannot enter a joint ownership. Although we have had positive
expectations for a long time, it
has not been possible to arrive at a common solution", comments Bengt
Mörtberg, President and CEO of Saab Ericsson Space.
Saab Ericsson Space is an international supplier of space equipment.
Main products are computer systems, microwave electronics and antenna
systems, guidance and separation systems and thermal hardware to be used
onboard satellites and launchers. The headquarters is in Göteborg,
Sweden; with production facilities at Saab in Linköping, Sweden, and
subsidiaries in Austria, Austrian Aerospace, and in USA, Saab Ericsson
Space Inc. The number of employees is 660.
Saab Ericsson Space is jointly owned by Saab and Ericsson.
Saab is one of the world's leading high-technology companies, with its
main operations focusing on defence, aviation and space. The group
covers a broad spectrum of competence and capability in systems
Ericsson is the world's leading supplier in telecommunications with the
largest customer base, including the world's top 10 operators. Ericsson
provides total solutions covering everything from systems and
applications to mobile phones and other communications tools.
For further information, please contact:
Iréne Svensson, Communications Director, Saab Ericsson Space phone:
+46 31 735 44 63,
+46 705 35 08 18
This information is also available at our web site www.space.se.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download: