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 we can build on the combined installed base and enhance our capabilities to provide leading maritime traffic management products globally.”
Saab’s Maritime Traffic Management business unit provides solutions for port management, maritime pilot management, vessel traffic management, coastal surveillance, port security, marine geomatics and navigation.
Phaeros will be integrated into Saab’s Surveillance business area.
Phaeros has 27 employees in Belgium and India.