Saab AB and Lumibird SA have right this moment accomplished a transaction whereby Lumibird, by means of a newly established Swedish subsidiary based mostly in Gothenburg, is buying Saab’s laser rangefinder enterprise. The transaction, which was signed in March 2021, was topic to a variety of circumstances, all of which now have been fulfilled. As a part of the transaction, 27 Saab workers in Gothenburg might be affected and be a part of the newly established subsidiary Lumibird Photonics Sweden AB. The divested operations had revenues of round EUR 10 million in 2021.
The acquisition of the laser rangefinder enterprise, a part provider for Saab for greater than 15 years, is according to Lumibird’s 2021 to 2023 technique, in accordance with the corporate. Lumibird is current in Europe, America, and Asia. It employs over 940 folks and recorded greater than €162m of consolidated revenues final 12 months. Publish-acquisition, Lumibird is anticipated to broaden its product line within the European market with a wider alternative of rangefinders and lasers.
Commercial
“The divestment is one more stage within the elevated concentrate on our core enterprise and we’re satisfied that the laser enterprise makes strategic match throughout the Lumibird Group,” says Carl-Johan Bergholm, head of Saab’s enterprise space Surveillance.
LUMIBIRD is without doubt one of the world’s main specialists in lasers. With 50 years of expertise and experience in 3 key applied sciences – solid-state lasers, laser diodes and fiber lasers – the group designs, manufactures and markets excessive efficiency lasers for the economic (manufacturing, lidar sensors), scientific (laboratories and universities), medical (ophthalmology) and protection markets. LUMIBIRD (previously Quantel-Keopsys group) is on the Euronext Inventory Alternate and employs 800 folks. With improvement and manufacturing amenities in France and the USA, and a robust world-wide gross sales and repair community, the group serves a worldwide buyer base.
