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Business/Financial

Saab Unit Acquires UUV Component Manufacturer

Defense Daily Staff

Wednesday, September 4th, 2013

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Sweden’s Saab yesterday said its Seaeye subsidiary has acquired Britain’s Hydro-Lek Ltd., a manufacturer of components used in unmanned underwater vehicles (UUVs), strengthening its portfolio of products in the remotely operated, autonomous and hybrid underwater vehicles area. Saab said the deal also will help it grow its Seaeye unit, which makes a number of UUVs for various applications, including the offshore oil and gas industry, military, search and salvage. Terms of the deal were not disclosed. Hydro-Lek's HyBIS ROV. Photo: Hydro-Lek…

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