Saab divests NVH business to Siemens
Saab Medav Technologies GmbH, a wholly-owned subsidiary of Saab AB, has signed an agreement to divest its end-of-line industrial quality testing business to the Product Lifecycle Management Software division of Siemens AG, by way of an asset deal. The NVH business comprises technology, including intellectual property rights, and a team of experienced engineers. The transaction is expected to be completed in the second calendar quarter 2019.
Saab AB (publ) serves the global market with world-leading products, services and solutions from military defence to civil security, with around 17,000 employees worldwide.
Saab Medav Technologies GmbH is a global provider of state of the art signal processing, communications intelligence and analysis for air, land and naval applications.
Saab was advised by kallan in this transaction. The kallan team included Oliver Cleblad, Rafael Hertz, Dr. Nils Gruske and Till Schönherr.