Lumibird to Acquire Saab’s Laser Rangefinder Business
Saab AB and European Lumibird SA completed a transaction Tuesday whereby Lumibird, through a newly established Swedish subsidiary based in Gothenburg, is acquiring Saab’s laser rangefinder business.
The transaction, which was signed in March 2021, was subject to a number of conditions, all of which now have been fulfilled. As part of the transaction, 27 Saab employees in Gothenburg will be affected and join the newly established subsidiary Lumibird Photonics Sweden AB. The divested operations had revenues of around €10 million in 2021.
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