Defence and security company Saab AB has acquired 100 per cent of the German company Medav, specialised in the application of signal processing, pattern recognition and information technology, for approximately MEUR 27 (about MSEK 229). The acquisition strengthens Saab’s product portfolio within radio monitoring and intelligence fusion systems.
Medav is a leading provider of signal, electronic and communication intelligence. The acquisition advances Saab’s position in radio monitoring and intelligence fusion systems and strengthens the market presence globally as well as in Europe. The acquisition provides a growth platform from which Saab can build on the combined installed base and skills in systems engineering, design and integration. Medav customers and partners will benefit from Saab’s overall product portfolio and global support operations.
Medav will continue operations in Germany as a fully owned subsidiary within the Saab Group.