Saab divests its shares in Grintek Ewation to Cassidian
Saab AB has today signed an agreement to divest its ownership share of 42.4 per cent in South African system engineering company Grintek Ewation to Cassidian, a division of EADS.Saab and Cassidian have been partners in Grintek Ewation since December 2001 with the aim to jointly develop the company into a leader in communications electronic warfare systems. Cassidian is the largest owner in Grintek Ewation. “Grintek Ewation is a successful company and has been a profitable investment for Saab. Going forward we believe that the continued growth of the company will benefit from having a