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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: GlobalData
Provider: GlobalData

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Saab AB To Acquire German Company, Medav

Friday, 26 Oct 2012 01:46am EDT 

Saab AB announced that it has acquired 100% of the German company Medav, specialised in the application of signal processing, pattern recognition and information technology, for approximately EUR27 million (about SEK229 million). Medav will continue operations in Germany as a fully owned subsidiary within the Saab Group. The consideration amounts to approximately EUR27 million (about SEK229 million). In addition, the parties have agreed on a potential earn out payment of maximum EUR7 million (about SEK59.5 million). Saab will use existing funds to finance the acquisition. The closing is expected in the fourth quarter of 2012. 

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11:29am EDT