Saab sells two surface treatment companies to the
UK company Bodycote
Today, Saab has sold its two wholly owned surface treatment companies,
Yttec AB with operations in Katrineholm and Karlstad, and Celsius Nussbaum
GmbH, with operations in Germany. The purchaser is the UK listed materials
technology group Bodycote acting through its Swedish subsidiary, Bodycote
The purchase is part of Saab's structuring of its operations following the
acquisition of Celsius. It will have no effect on income of the Saab group
and only a marginal impact on the balance sheet and cash flow. The two
companies together have sales of approximately SEK 100 million per year
and about 170 employees.
A letter of intent is also being signed by Bodycote and Saab with regard
to starting negotiations on a long-term agreement for the supply of
services from CSM Materialteknik to the Bodycote Group and the sale of
Celsius Materials Karlskoga to Bodycote Thermotreat AB.
"These are two profitable and well-run companies with unique skills and
they will become part of the core business in the Bodycote Group, which is
oriented towards materials technology," says Per Ove Moberg, Manager of
Saab's business area Other Operations.
"The Bodycote Group is a world leader in materials technology. It has
operations in about 20 countries and more than 6000 employees, which means
excellent prospects of continued positive development for both companies,"
says Tommy Crona, President of Bodycote Thermotreat AB.
Bodycote Thermotreat AB has over 30 service units in Sweden, Denmark,
Finland and Austria, and is a member of the Bodycote Group with over 200
units in 20 countries. The group is the world's leading company in thermal
and surface treatment. Bodycote Thermotreat plans to continue its
expansion in the surface treatment industry, mainly through acquisitions
in Finland and Denmark.
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:
Per Ove Morberg, Senior Vice President,phone: +46 8 463 00 69
Other Operations, Saab AB +46 70 622 87 47
Tommy Crona, President,Bodycote Thermostreat AB phone: +46 31 332 19
This information was brought to you by BIT http://www.bit.se
The following files are available for download: