Saab Acquires ThyssenKrupp Marine Systems AB
Defence and security company Saab has today entered into an agreement with ThyssenKrupp Industrial Solutions AG regarding the acquisition of ThyssenKrupp Marine Systems AB (TKMS AB, formerly Kockums). The purchase price is MSEK 340. This acquisition is in line with Saab’s ambition to increase its capabilities in the naval domain. This move further strengthens Saab’s status as a comprehensive supplier of military systems. In April 2014, Saab and ThyssenKrupp Industrial Solutions AG signed a non-binding Memorandum of Understanding regarding the acquisition of the Swedish shipyard
OSI to Deliver TDNS to the Royal Swedish Navy
OSI Maritime Systems (OSI) announced the award of a contract for the Company's Tactical Dived Navigation System (TDNS). The Systems will be delivered to ThyssenKrupp Marine Systems AB as part of a Royal Swedish Navy submarine upgrade program, and includes OSI's subsurface WECDIS software. Navies worldwide have made ECPINS their choice for WECDIS (Warship ECDIS) because of the advanced features and OSI's extensive experience in warship navigation, OSI said. As a result, ECPINS is the fleet standard for many NATO and allied navies including Canada, Australia, U.K. and Denmark, the company added.