Saab Evaluating Interest in Space Segment Acquisition
[12-12-07 – Satellite Today] Saab is examining whether or not other companies are interested in acquiring Saab Space AB, Saab announced Dec. 11.
Saab Space manufactures digital and microwave electronics and antennas for satellite manufacturers and also supplies payload adapters, separation systems and guidance systems for launch providers.
Saab, who does not consider this part of its core business, is looking at selling the unit as the space industry undergoes a period of consolidation, Saab said in a statement. Contact has been made with possible buyers, and any sale will take place in the 2008 first quarter of 2008, the company said.