Saab, ThyssenKrupp Still Discussing Acquisition Deal

In April ThyssenKrupp Industrial Solutions AG, a subsidiary of ThyssenKrupp AG, and Saab AB signed a non-binding Memorandum of Understanding concerning the sale of the Swedish shipyard ThyssenKrupp Marine Systems AB (formerly named Kockums) to Saab AB.

The discussions are at a final stage but still ongoing. An agreement with ThyssenKrupp Industrial Solutions AG has not been signed. Further information will be announced when negotiations have ended and an agreement is signed.

Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers’ changing needs.

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Press Release, June 27, 2014; Image: Saab