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28.08.25 - 14:03
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Teledyne to Acquire TransponderTech from Saab (Business Wire)
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A maritime leader in AIS, VDES and GNSS Solutions joins Teledyne's Raymarine and ChartWorld to strengthen the group's marine technology solutions.THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Teledyne Technologies Incorporated (NYSE: TDY) (“Teledyne”) announced today that it has entered into an agreement to acquire the TransponderTech business from Saab AB. The acquisition includes a portfolio of connected commercial maritime products, including Automatic Identification System (AIS), VHF Data Exchange System (VDES), and Global Navigation Satellite System (GNSS) technologies.
Based in Sweden, TransponderTech provides class-leading, SOLAS (Safety of Life at Sea)-certified communications and navigation solutions for commercial maritime, military, and airborne applications. The company is renowned for its high-quality, accurate products that perform reliably in the most challenging conditions. These include advanced solutions designed to counter GPS/GNSS jamming and spoofing threats in the maritime domain.
Tr...
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28.08.25 - 14:01
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Saab to divest TransponderTech (Cision)
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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...
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28.08.25 - 07:02
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Saab reveals new Counter-UAS missile Nimbrix (Cision)
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Saab has revealed Nimbrix, its first ever dedicated Counter-Unmanned Aerial System (C-UAS) missile. The missile is developed to counter the increasing threat from small drones on the battlefield.
The fire-and-forget missile is being rapidly developed at Saab with the aim to deliver a system featuring a target seeker, a hard-kill warhead, and a small footprint – all at a low cost. The range will be up to 5 km with an active seeker to track its target. Its warhead can effectively engage and defeat UAS swarms using an air-burst mode.
“Nimbrix is our answer to the unmanned aerial threats...
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25.08.25 - 12:36
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Saab receives Gripen E/F order for Thailand (Cision)
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Saab has today signed a contract with the Swedish Defence Materiel Administration (FMV) and received an order for four Gripen E/F fighter aircraft from FMV for the Kingdom of Thailand. The order value is approximately SEK 5.3 billion and deliveries will take place 2025-2030.
The contract between Saab and FMV includes three Gripen E and one Gripen F aircraft as well as associated equipment, support and training.
Saab has also signed a contract with the Royal Thai Air Force to deliver a long-term offset package to Thailand as part of the fighter acquisition plan. This will include...
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22.08.25 - 09:12
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AstraZeneca, Ericsson, Saab, SEB, and Wallenberg Investments launch the company Sferical AI (Cision)
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AstraZeneca, Ericsson, Saab, SEB, and Wallenberg Investments are jointly launching the company Sferical AI, which will operate a new sovereign AI supercomputer to transform and prepare the country's leading industries for the age of AI.
This marks the next phase of the Swedish business collaboration announced by Marcus Wallenberg and NVIDIA CEO Jensen Huang in May, when Huang was awarded an honorary doctorate by Linköping University.
Sferical AI aims to strengthen the competitiveness of Swedish industry by offering participating companies world-leading computing power for AI in an...
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21.08.25 - 11:12
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Anders Carlsson appointed new Chief Procurement & Supply Chain Officer for the Ahlsell Group (Cision)
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Anders Carlsson has been appointed Chief Procurement & Supply Chain Officer. He will assume the position in January 2026 and will be part of the Group Management team.
Anders has extensive and broad experience from senior roles in purchasing, supplier management, and supply chain at international industrial and engineering companies such as Saab, GM, and ASSA ABLOY, most recently at SKF. He has demonstrated a strong ability to drive change, develop efficient processes, and create business value through strategic management of the value chain. In his new role, Anders will have overall...
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18.08.25 - 14:01
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Saab acquires Swedish company Deform (Cision)
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Saab and Deform AB in Degerfors, Sweden, are deepening their cooperation by Saab becoming the new owner of Deform. The acquisition strengthens the security of supply for the Swedish defence industry and ensures continued close cooperation between the two companies.
Deform has a long and close relationship with Saab as a supplier of speciality parts for Saab's submarine production and is an important part of Kockums' supply chain.
“Deform has a unique expertise in the shaping of tough and demanding materials. They supply, among other things, to Saab's ongoing production of the Blekinge-...
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28.07.25 - 06:36
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Berkshire Hathaway Specialty Insurance Promotions in the Middle East (Business Wire)
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BOSTON & DUBAI, United Arab Emirates--(BUSINESS WIRE)--Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has promoted Aisling Malone to Deputy Senior Executive Officer and Head of Customer & Broker Engagement, and Joe Saab to Vice President, Head of Executive & Professional Lines, in the Middle East.
“These leadership promotions are in line with our ongoing growth and evolution in the region. Aisling will continue to bring her technical acumen and leadership to our underwriting, with expanded responsibility for third party lines. She also takes the reins of our newly created Customer & Broker Engagement function, focused on further strengthening our relations with ceding companies, producers and customers,” said Neeraj Yadvendu, SEO & Head of Middle East, BHSI. “Joe has been instrumental in building our E&P practice from the start and will now lead us to the next level of success in the marketplace.”
Aisling joined BHSI in 2018 and most recently served as Vice President and Hea...
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23.07.25 - 10:36
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Saab receives order for mobile air defence from the Czech Republic (Cision)
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Saab has received an order for its Mobile Air Defence (MSHORAD) solution from the Ministry of Defence and Armed Forces of the Czech Republic. The order value is SEK 1.8 billion and deliveries will take place 2028-2030.
The order includes Saab's mobile firing units based on the RBS 70 NG short range missile system along with its Bolide missiles. Saab will integrate the MSHORAD solution onto the MARS S-330 vehicle, manufactured by the Czech company SVOS.
The MSHORAD solution will include a command-and-control system delivered by a Czech partner together with Saab, as well as a third-party...
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