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Saab sells Applied Composites AB to British Chelton Limited

Saab sells Applied Composites AB to British Chelton Limited Saab has sold its Applied Composites AB subsidiary in Linköping to the British company Chelton Limited. Applied Composites develops and manufactures components made of advanced composite materials, mainly for the aviation and defense industries. "The sale is a part of the Saab Group's effort to focus on its core activities," says Ove Karlsson, who is coordinating the sale of Applied Composites at Saab. Saab is one of the world's leading high-technology companies, with its main operations focusing on defense, aviation and space. Saab covers a broad spectrum of competence and capabilities in systems integration. For additional information, please contact: Ove Karlsson, Tel, 016-16 90 01, 073-668 15 29 ove.karlsson@saab.se Björn Thundal, CEO, Applied Composites AB, 013-20 97 00 bjorn.thundal@acab.se www.saab.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/11/15/20021115BIT00880/wkr0001.doc http://www.waymaker.net/bitonline/2002/11/15/20021115BIT00880/wkr0002.pdf