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© saab Electronics Production | August 31, 2016

Saab acquires Phaeros Group BVBA

Defence company Saab acquires Belgian Phaeros Group BVBA.
Phaeros offers port management and terminal operating system solutions for the global market and the acquisition is in line with Saabs strategy to grow in the maritime traffic management domain.

"This is a strategically important, long-term deal for Saab. It strengthens our product portfolio in the terminal operating system area and provides an excellent platform from which we can build on the combined installed base and enhance our capabilities to provide leading maritime traffic management products globally", says Anders Carp, head of business unit Traffic management.

Phaeros employs 27 people in Antwerp, Belgium and Chennai, India. The company will be integrated into Saabs business area Surveillance, product area Maritime traffic management with its main operations in the Netherlands, Canada and Sweden.

"The Phaeros team is looking forward to becoming part of Saab. We bring unique technology to the table that, integrated with Saabs solutions, will now find much wider application in the market", says Stan De Smet, general manager of Phaeros.

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