Saab Completes Acquisition of TKMS (Kockums)
Defence and security company Saab's acquisition of the Swedish shipyard Thyssen Krupp Marine Systems (TKMS, formerly Kockums) has now been completed. The acquisition strengthens Saab's position as a comprehensive supplier of naval military systems. The required decisions and approvals for Saab's acquisition of TKMS have now been granted. The company will become a business unit within Saab's business area Security and Defence Solutions. The business unit is named Saab Kockums. Saab expects operations will continue to be carried out primarily in Malmö, Karlskrona and Muskö. In June, Saab and FMV signed a letter of intent regarding the Swedish armed forces' underwater capabilities.
Spain Introduces New Military Shipbuilder
The new Spanish military shipbuilder, Navantia, has been unveiled by Pedro Solbes, the Spanish government’s second vice-prime minister and economics minister, along with Enrique Martínez Robles, the Chairman of the state holding company Sociedad Estatal de Participaciones Industriales (SEPI), and the Chairman of the new company, Juan Pedro Gómez Jaén. The company, specializing in the design, construction and integration of military ships, is owned by SEPI and is the result of the desegregation of Izar’s military activities in line with the agreement reached in order to make publicly-owned shipyards viable. Mr. Solbes’ referred in his speech to the creation of this new company as the start of a new future for Spanish shipyards…
