Saab increases presence in Thailand through investment in local defence industry
Saab has signed a letter of intent with the Thai company Aviasatcom Co., Ltd. for becoming a part-owner and strategic partner with up to 40 percent of the shareholdings. Aviasatcom, which was founded in 1992, develops and delivers products to the armed forces of Thailand. The company has approximately 120 employees.The intention is that Saab will become a part-owner and strategic partner with up to 40 percent of the shareholdings, and in this way strengthen its presence in Thailand. Saab will thus gain a strong presence in Thailand and good capabilities for providing local support to its