Restructuring of Combitech continues - next by divestments of additional
companies within the business area. The divestments are part of Saab's focus
and the strategy to realize values in commercial applications of ideas from
Saab's military programs. In connection with this, management of the
development operations will be restructured.
Business area Combitech manages the development of commercial applications of
ideas from Saab's military programs. These can be divested or listed when it
is possible to realize value for Saab or when there is no longer an advantage
for them to be part of Saab.
Together with Saab, Osterman Helicoptermätning AB started Survey Systems.
Osterman Helicoptermätning has now taken over the whole of Survey Systems and
is investing in increased activity in the sales of topographical measurement
OEM Industrial Components AB has signed a letter of intent to acquire
Pronesto. The purpose of the acquisition is to complement the supply of
products in radio and telecommunications.
Kitron ASA, a Norwegian listed electronics company, has signed a letter of
intent to acquire Combitech Electronics. Kitron intends to make Electronics
the center for its Swedish investment in advanced electronics.
As announced previously, discussions are in progress on the future structure
of Combitech Traffic Systems. The company is taking part in the installation
of the world's first free-flow road toll system in Melbourne, Australia.
In the future, development of new applications of ideas from Saab's military
programs and administration of the business area will be managed from
Linköping, where Saab has the major part of its research and development
activities. By this, the search for new ideas will be brought closer to the
operations that generate them.
Bo Wass, responsible for development of new commercial business ideas, will
head this work. Gert Schyborger of Saab's executive management will step in as
Chairman of the Board of most of the remaining companies in Combitech.
A new investment is made in GP&C, a satellite navigation system enabling safer
maritime and aviation navigation. It is an area where Saab Dynamics has
previously been active. The investment is in the form of a joint venture with
As a result, Jan Carlson, Head of business area Combitech, will leave Saab for
a new position at Autoliv.
- The divestments and acquisitions made are an expression of our ambition to
focus operations, while at the same time it is our intention to grow in areas
that have natural connections with our core activities. By these divestments,
Jan has carried out a large part of the restructuring he was assigned, says
Saab CEO Bengt Halse.
- I am pleased with placing the divested companies in environments where they
will have great opportunities to develop within their respective business
niches, says Jan Carlson.
The other companies in Combitech - Saab Marine Electronics, Combitech Network,
Combitech Software and the new GP&C Sweden - are not affected by the
In total, Saab Combitech has about 850 employees with 1998 sales of almost
SEK 1.1 billion.
Combitech Electronics AB has 160 employees with 1998 sales of about
SEK 200 million. Kitron is currently merged with the Norwegian company
Alphatron and combined, these companies have about 750 employees with sales of
about NOK 720 million.
Pronesto AB has 22 employees with 1998 sales of about SEK 75 million. OEM
International has about 570 employees with 1998 sales of about
SEK 1.4 billion.
Saab Survey Systems AB has 6 employees with 1998 sales of about SEK 2 million.
Osterman Helicoptermätning has about 40 employees with 1998 sales of about
SEK 60 million.
For further information, please contact:
Lars Jagerfelt, Vice President,
Corporate Communications and Public Affairs, Saab AB +46 13 18 71 65
Jan Carlson, General Manager Saab Combitech +46 36 19 42 15
Anders Jonzon, Manager,
Communications and Public Affairs, Saab Combitech+46 36 19 40 15
Please visit http://www.bit.se for further information
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