Saab to divest TransponderTech
Saab today announces the divestment of Saab TransponderTech AB to Teledyne Technologies Inc.’s Swedish subsidiary, FLIR Systems AB. Completion of the divestment is subject to certain conditions that are expected to be fulfilled by the end of Q4 2025.
TransponderTech is a leader in Safety Of Life At Sea (SOLAS)-certified communications and navigation solutions for commercial maritime, military, and airborne applications. The divestment is in line with Saab’s strategy to increase its focus on core areas of its business and, upon closing, Saab will divest 100 percent of its shares in Saab TransponderTech AB.
“Transpondertech is an outstanding and innovative company, and we are proud of its achievements. As we strategically focus on expanding within the military segments, we believe that TransponderTech will find even greater opportunities for growth and success within Teledyne Technologies. This decision aligns with our strategic goals and is intended to provide TransponderTech with the best possible conditions to move forward,” says Carl-Johan Bergholm, head of Saab’s business area Surveillance.
“Integrating TransponderTech’s advanced AIS, VDES and GNSS technologies into our commercial maritime products strengthens our ability to deliver secure, reliable and globally connected navigation solutions,” says Grégoire Outters, Vice President and General Manager of Teledyne FLIR Maritime and Raymarine.
“This acquisition will directly enhance our safety, efficiency, and operational reach of our customers at sea.”
Based in Linköping, Sweden, TransponderTech is a maritime leader in Automatic Identification System (AIS), VHF Data Exchange System (VDES) and Global Navigation Satellite System (GNSS) solutions. The company is renowned for its high-quality, accurate products that perform reliably in the most challenging conditions.
Contact
Saab Press Centre
+46 (0)734 180 018
Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 25,000 talented people, Saab constantly pushes the boundaries of technology to create a safer and more sustainable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations.
Saab AB (publ)
SE-581 88 Linköping
Sweden
Registration no.: 556036-0793
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