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Thursday, July 03, 2014

Saab acquires ThyssenKrupp Marine Systems AB

Saab logoDefence and security company Saab has today entered into an agreement with ThyssenKrupp Industrial Solutions AG regarding the acquisition of ThyssenKrupp Marine Systems AB (TKMS AB, formerly Kockums). The purchase price is MSEK 340.

This acquisition is in line with Saab’s ambition to increase its capabilities in the naval domain. This move further strengthens Saab’s status as a comprehensive supplier of military systems.

In April 2014, Saab and ThyssenKrupp Industrial Solutions AG signed a non-binding Memorandum of Understanding regarding the acquisition of the Swedish shipyard TKMS AB with operations based in Karlskrona, Malmö and Muskö, Sweden. The parties have now agreed that Saab will acquire TKMS AB.

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