Saab sells 60% of A2 Acoustics AB

Saab sells 60% of A2 Acoustics AB WM-Data is acquiring 60% of the shares in A2 Acoustics AB, a wholly- owned subsidiary of Saab AB. A2 Acoustics was recently formed by the Saab Venture Capital Council. A2 Acoustics possesses cutting-edge expertise primarily in active noise control - expertise it built up while developing civil aircraft at Saab Aerospace. Active noise control is attracting increasing interest in both the aviation and automotive industries. The company consists of six highly qualified innovators, and an interesting patent portfolio. A2 Acoustics will represent an important resource for both WM-Data and Saab in their respective efforts in the field of active noise control. Peter Sandehed, head of Venture Capital issues within Saab, views WM- Data as a very important principal for exploiting this interesting technology outside Saab's core areas, and predicts strong growth. "This is why it is positive that Saab will remain part of the company as a minority owner," says Peter Sandehed. Saab is one of the world's leading high-technology companies, with its main operations focusing on defence, aviation and space. The group covers a broad spectrum of competence and capability in systems integration. For further information, please contact: Urban Emborg, Managing Director, A2 Acoustics tel: +46 13 29 03 62 Anders Stålhammar, Press Secretary, Saab AB tel: +46 13 18 71 75 www.saab.se. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.bit.se/bitonline/2001/06/15/20010615BIT00250/bit0001.doc http://www.bit.se/bitonline/2001/06/15/20010615BIT00250/bit0001.pdf

About Us

Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers’ changing needs.

Subscribe