Defence and security company Saab acquires TIKAB, a Swedish technical information provider. The acquisition expands Saab's service portfolio and means Saab can offer a more complete range of technical services, further strengthening the company's competitiveness as a provider of support solutions.
Saab's business area Support and Services has signed an agreement to acquire TIKAB - a company that produces and supplies technical documentation for the civilian and military market.
The Support and Services business area has a strong position in the global market for integrated support solutions. Solutions include technical publications and interactive training tools and the acquisition of TIKAB further strengthens Saab's position in the market.
“With this acquisition, we can offer new and existing customers a wider portfolio of services and a complete range of integrated support solutions. There are clear synergies between TIKAB and Saab's operations in which we can utilise each other's expertise to strengthen the competitiveness of our offering to achieve growth,” says Lars-Erik Wige, Senior Vice President and Head of business area Support and Services.
“By becoming a part of Saab we foresee good opportunities to leverage Saab’s broad market channels and businesses to grow our business,” says Börje Olsson, Chairman of TIKAB.
Source: Saab AB (OMX Stockholm: SAAB B)
Date: May 15, 2013