Saab to Divest Maritime Traffic Management
Saab today announces the divestment of its Maritime Traffic Management (MTM) operation to funds advised by Agilitas Private Equity LLP (“Agilitas”) for an enterprise value of approximately 40 MEUR. MTM is a global provider of management solutions for vessel traffic, ports and terminals. Completion of the divestment is subject to certain conditions that need to be fulfilled before closing, expected to take place no later than March 2023.The divestment is in line with Saab’s strategy with increased focus on its core areas: Aeronautics, Sensors, Command & Control, Advanced Weapon Systems and