06.12.2022
Artikel Nummer: 43216
Saab stepping back from port management
Saab is selling most of its shares in Maritime Traffic Management (MTM), a provider of management solutions for vessel traffic, ports and terminals. The shares will be purchased by funds advised by Agilitas Private Equity, for an enterprise value of approximately EUR 40 million. Completion of the divestment is subject to certain conditions that need to be fulfilled before closing, expected to take place by March 2023.
Saab said that "the divestment is in line with our strategy of focusing on our core fields, namely aeronautics, sensors, command and control, advanced weapons and underwater systems.” Saab will nevertheless remain a minority shareholder, holding between 21 and 28% of preference shares. (sh)