As part of its streamlining operation Saab has signed an agreement with Bodycote International plc regarding the transfer of shares in Saab Metech AB and its subsidiaries in Denmark, Finland and Germany. The sale is subject to approval from the Swedish Competition Authority and will entail a capital gain of approximately SEK 170 million.
Saab Metech offers complete service solutions within metrology management of measuring instruments and metrology for the electronic, telecom, medical, electrical and mechanical engineering industries. It has 260 employees and its customers can be found across Europe.
Kenth-Åke Jönsson, Saab's executive vice president, commented, "We see Bodycote as a highly suitable buyer since it has an industrial focus with a firm international foundation. This gives Saab Metech the potential to go on developing positively, while the deal also enables Saab to continue streamlining its operation." "For Saab Metech the sale to Bodycote entails significant opportunities for expanding the operation to reach new industrial clients both in Sweden and internationally," said Hans Åberg, president of Saab Metech.
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