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Saab Acquires Belgian Software Firm Serving Port And Terminal Operating Systems

Friday, September 2nd, 2016

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Sweden’s Saab on Aug. 31 said it has acquired the Belgian company Phaeros Group, which provides software applications for port management and communications, in line with its strategy to grow its maritime traffic management business.Terms of the deal were not disclosed. “This is a strategically important, long-term deal for Saab,” Anders Carp, head of the company’s Traffic Management business unit, said in a statement. “It strengthens our product portfolio in the terminal operating system area and provides an excellent platform from…

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