Saab sells Saab Marine Electronics to Emerson
Saab sells Saab Marine Electronics to Emerson Emerson is acquiring 100% of Saab Marine Electronics. The sale is estimated to approximately 800 MSEK and will have a positive effect on Saab's net cash flow. "The sale is fully in line with Saab's strategy of realizing values for its shareholders from the commercial operations generated from military technology. This is also an important step for Saab Marine Electronics in their future development," says Bengt Halse, President and CEO. Saab Marine Electronics products have been developed from a radar altimeter for missiles produced by Saab.