Deals



Saab Acquires Phaeros Group


Posted: 15th September 2016 08:45

Defence and security company Saab has acquired the port management and terminal operating system expert Phaeros Group BVBA.

The acquisition is all part of Saab's strategy to grow in the maritime traffic management domain with Phaeros’ solutions playing a pivotal role in efficiently handling port operations, such as transferring cargo to and from ships in Europe, Africa, the Middle East and Australia.

"This is a strategically important, long-term deal for Saab. It strengthens our product portfolio in the terminal operating system area and provides an excellent platform from which we can build on the combined installed base and enhance our capabilities to provide leading maritime traffic management products globally," said Anders Carp, head of business unit traffic management at Saab.

He pointed out that Phaeros’ products and expertise in combination with Saab’s well-known KleinPort solutions provides an excellent foundation for further growth in the port and terminal segment.

"The Phaeros team is looking forward to becoming part of Saab. We bring unique technology to the table that, integrated with Saab’s solutions, will now find much wider application in the market" added Stan De Smet, general manager of Phaeros.

Phaeros will be integrated into Saab’s business area Surveillance, product area Maritime traffic management with its main operations in the Netherlands, Canada and Sweden.


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