Saab buys Sensis
Posted by- Neelam Mathews June 29, 2011 Defense and security company Saab announced a definitive agreement to acquire the U.S. company Sensis Corporation (Sensis), a leading provider of air traffic management (ATM) solutions and surveillance technologies, for approximately MUSD 155 (about MSEK 1,008). In addition, the parties have agreed on a potential earn out payment of maximum MUSD 40 (about MSEK 260) by 2014. The acquisition advances Saab’s strategy to increase its North American presence. It also strengthens the product portfolio within radar, sensors, ATM, and defence systems development. Sensis is a leading provider of air traffic management (ATM) solutions and surveillance technologies serving the global civil aviation and defence industries. The acquisition provides a growth platform from which Saab can build on the combined installed base and skills in systems engineering, design and integration. Sensis customers and partners will benefit from Saab’s pr...