Saab acquire 21% in Grintek
15 January 2004
Saab and Grintek have today increased their cooperation, whereby Saab
acquire just over 21% in Grintek. The Grintek shareholders' have
approved the deal.
"South Africa's selection of Gripen for its future air defence, created
the basis for Saab's relationship with Grintek. Over the past six years
we have broadened our collaboration and we are looking to expand this
relationship at a broader corporate and commercial level," said Saab AB
executive director Kjell Möller.
Grintek Ltd supplies electronics-related products and services to
sectors within telecommunications, defence, avionics, air traffic
management, security and power utilities markets in South Africa and
selected export markets. The Group is listed on the Johannesburg
Securities Exchange. Grintek has approximately 1,400 employees, many of
whom are engineers and technicians.
Saab and Grintek already cooperate in Grintron Pty Ltd, with Grintek Ltd
owning 51% and Saab 49% of the stock. Grintron operates in the defence
segment in South Africa and on the export market.
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 capabilities in systems
For further information please contact:
Iréne Svensson, Group Senior Vice President, Corporate Communications &
Public Affairs, Saab AB
Tel. +46 (0)8-463 01 30, +46 (0)734-18 71 30
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Last updated: 23 January 2015 • 14:44