Sweden’s Saab AB this week said it has agreed to acquire the Dutch firm HITT N.V. for $38.4 million in line with the company’s strategy to be a global leader in traffic management. The acquisition is expected to close in October pending the tender of HITT’s shares. More than 70 percent of HITT’s shareholders have agreed to the deal. HITT provides air and marine traffic management services globally, as well as hydrographic and navigation systems. Saab said the combination will…
Saab Agrees To Acquire Air, Vessel Traffic Management Firm HITT
Defense Daily Staff
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