facebook
twitter
rss
account
search
search
 

Saab acquiring documentation firm TIKAB

May 15, 2013 at 1:11 PM   |   Comments

LINKOPING, Sweden, May 15 (UPI) -- Swedish defense company Saab is strengthening its support and services business portfolio by acquiring technical documentation firm TIKAB.

"With this acquisition, we can offer new and existing customers a wider portfolio of services and a complete range of integrated support solutions," said Lars-Erik Wige, senior vice president and head of Saab's Support and Services business area.

"There are clear synergies between TIKAB and Saab's operations in which we can utilize each other's expertise to strengthen the competitiveness of our offering to achieve growth."

Financial and other details of the transaction weren't revealed but Saab said the deal would "have no material effect" on Saab's consolidated statements in 2013.

TIKAB, a Swedish company, produces complete technical documentation to the civil and military market.

"By becoming a part of Saab we foresee good opportunities to leverage Saab's broad market channels and businesses to grow our business," said TIKAB Chairman Borje Olsson.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Russia completes helicopter deliveries to Afghanistan Russia completes helicopter deliveries to Afghanistan
2
Raytheon supplying Japan with Phalanx upgrade kits Raytheon supplying Japan with Phalanx upgrade kits
3
Victoria's Secret receives backlash after 'Perfect Body' ad campaign Victoria's Secret receives backlash after 'Perfect Body' ad campaign
4
Elon Musk: We are 'summoning a demon' with artificial intelligence Elon Musk: We are 'summoning a demon' with artificial intelligence
5
French submarines to get new torpedoes French submarines to get new torpedoes
Trending News
Around the Web
x
Feedback