Deals
Saab in Talks on ThyssenKrupp Swedish Submarine Division
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Saab AB, the maker of the Gripen fighter jet, said it’s in talks to buy a marine defense unit from ThyssenKrupp AG, which would put the submarine and warship production into the hands of a Swedish company.
The two companies are in “early stage” talks and signed a non-binding memorandum of understanding for the sale of ThyssenKrupp Marine Systems AB, Saab said in a statement today. The division had sales of 1.6 billion kronor ($244 million) last year and has 900 employees, according to Torben Beckmann, a spokesman for ThyssenKrupp.