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Business/Financial

Saab Acquiring Two Swedish Shipyards

By Cal Biesecker

Thursday, December 21st, 2017

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Saab Acquiring Two Swedish Shipyards

Dockstavarvet's Combat Boat 90 H aluminum fast assault craft can carry 20 soldiers and cargo at speeds more than 20 knots. Photo: Dockstavarvet

Sweden’s Saab on Thursday said it is acquiring two compatriot shipyards, one a producer of small combat and patrol boats and the other a ship repair yard, in a deal aimed at enhancing its naval product offerings.Terms of the acquisitions, which are expected to close on Dec. 29, were not disclosed. The two businesses combined have about $30 million in annual sales and 80 employees.The deals include N. Sudin Dockstavarvet AB, which produces high-speed aluminum combat and patrol boats for…

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