Saab Acquires Phaeros Group

Defence and security company Saab acquires Phaeros Group BVBA. Phaeros offers port management and terminal operating system solutions for the global market and the acquisition is in line with Saab's strategy to grow in the maritime traffic management domain.Phaeros’ solutions play a pivotal role in efficiently handling port operations, such as transferring cargo to and from ships. The company provides software applications dedicated to the port and cargo terminal industry and has an installed base in Europe, Africa, the Middle East and Australia. "This is a strategically important, long-