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Saab To Acquire Sensor Firm Sensis In First U.S. Acquisition

Defense Daily Staff Defense Daily Staff
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Sweden’s defense and security company Saab AB yesterday said it has agreed to acquire United States-based sensor firm Sensis Corp., in a deal that combines complementary capabilities in air traffic management (ATM) and radar systems and kicks-off Saab’s plans for buying U.S. companies in the defense and security space. Saab will pay $155 million in cash for New York-based Sensis, plus up to $40 million more by 2014 in earn out provisions. The deal is expected to close in the…

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