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Saab in talks to buy ThyssenKrupp's Swedish shipyard

  • Saab (SAABF) says it is in preliminary talks to buy ThyssenKrupp's (TYEKY, TYEKF) Swedish shipyard, underscoring its bid to become a serious player in the submarine and naval ships business.
  • Neither company discloses the potential value of the deal, saying negotiations are at an early stage; ThyssenKrupp Marine Systems, formerly known Kockums, had a total revenue of 1.68B Swedish kroner ($256M) in 2013.
  • Saab, unaffiliated with the car company with the same name, is best known for building fighter jets and other defense systems.
Comments (1)
  • jodinajospeh
    , contributor
    Comments (27) | Send Message
     
    The companies said on Monday that negotiations over the sale of ThyssenKrupp's Swedish shipyard with operations in Malmo, Karlskrona and Musko to Saab were at an early stage and that more information would follow http://bit.ly/1jFWvIr
    14 Apr, 09:02 PM Reply Like
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