Defence and security company Saab has acquired the company Applied Composites AB (ACAB), based in Linköping, Sweden, from GKN Aerospace. The acquisition will guarantee key technologies for the development of future ground combat weapon systems and advanced radomes.
ACAB is a leading expert in the development and manufacture of composite components for high technology products. The acquisition was signed today and the transition of the company will become effective at 29 December 2017.
“This is a very important and crucial acquisition for Saab. By integrating ACAB into Saab Dynamics we will get improved control of key components of the supply chain for Saab’s product portfolio. At the same time we are creating synergies with ongoing production that will create efficiency gains, improved competitiveness and value for our customers,” says Görgen Johansson, Senior Vice President and head of business area Dynamics.
ACAB is a high-tech company specialising in composite-based solutions for demanding civil and military applications. The company developed alongside the aviation and defence industry in Linköping, Sweden. Thanks to skilled employees and extensive product development, design, testing, qualification, production and maintenance resources, ACAB is Scandinavia's leading expert in applied composite technology. ACAB has approximately 55 employees and an annual turnover of around 105 MSEK.
Source: Saab AB (OMX Stockholm: SAAB B)
Date: Dec 27, 2017