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Business/Financial

Saab Acquires Belgian Software Firm Serving Port And Terminal Operating Systems

By Cal Biesecker

Wednesday, August 31st, 2016

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Saab Acquires Belgian Software Firm Serving Port And Terminal Operating Systems

The Phaeros acquisition strengthens Saab's maritime traffic management business. Photo: Saab

Sweden’s Saab on Wednesday 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 which…

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