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South African Grintek and Saab establish command and control systems operation in South Africa

South African Grintek and Saab establish command and control systems operation in South Africa South African Grintek and Saab are expanding their co-operation and jointly establishing a command and control systems business with the formation of GrIDS, Grintron Integrated Defence Solutions. The business unit, with initially about 25 employees in Centurion, South Africa, has been involved in the development of command and control systems for the South African air defence. "The deal is part of Saab's long-term strategy to grow through acquisition as well. It is also important for our long-term commitments in South Africa, and our desire to become a significant player on the international market for network-centric defence", says Åke Svensson, President and CEO of Saab. The business unit will become part of the Grintron company, which is owned 51% by Grintek and 49% by Saab. Other business units within Grintron are Avitronics, Grintek Communication Systems and Logtronics. Saab is one of the world's leading high-technology companies, with its main operations focusing on defense, aviation and space. The Group covers a broad spectrum of competence and capability in systems integration. For further information please contact: Björn Erman, President, SaabTech + 46 70 554 00 40 Anna Bergenlid, Director, Communications and + 46 70 573 99 42 Public Affairs 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/2003/08/20/20030820BIT00580/wkr0001.doc http://www.waymaker.net/bitonline/2003/08/20/20030820BIT00580/wkr0002.pdf