Saab has completed its $155 million acquisition of Sensis, of Syracuse, N.Y., the company announced Monday. The new company, Saab Sensis Corp., will leverage "Sensis’ and Saab’s advanced Air Traffic Management and civil security portfolios – including radar and sensors, airport and airline automation, remote ATC towers, airport security and more – to deliver advanced ATM solutions to customers worldwide," the company said.
"This acquisition is in line with our ambition to focus on selected markets and grow our core business. Saab Sensis' offering and their strong local presence in the U.S. within radar and sensors and a world-leading position in the Air Traffic Management market is an excellent complement to our operations," said Hakan Buskhe, president and CEO. "In addition, we also see good potential to expand the company's existing product portfolio, leveraging other Saab technology such as our C4I solutions, to further increase our reach into the U.S. defense market."
Saab announced the acquisition in June. More