Saab Grintek acquires avionics company AMS

25 January 2006 News

Saab Grintek has signed an agreement to acquire Aerospace Monitoring and Systems. The finalisation of the R30 million acquisition is planned for April 2006.

According to Saab this direct investment is another step in its strategy to actively engage and expand the South African defence industry on a global scale within its strategic niches, as well as continue its expansion into the South African and African markets.

"AMS' product portfolio and markets fits very well into our avionics business, especially in the areas of safety, monitoring and digital recording systems, where together we will be a significant global player," says Saab Avitronics president, Björn Erman.

Upon completion of the deal AMS will form part of Saab Avitronics, a Saab business unit focusing on avionics and electronic warfare systems, which already has operations in both Sweden and South Africa.

AMS will benefit from Saab Grintek's expertise and a well-developed global distribution footprint in a very active and increasingly competitive avitronics market.

"We are excited about the excellent strategic fit between our products, markets and cultures and look forward to expanding our business under the Saab brand," says Christo Weder, CEO at AMS.

AMS focuses on proprietary aircraft monitoring and recording systems for the global aerospace and defence market. The company is based in Midrand and employs 75 people. Currently, 95% of AMS' turnover is generated by export.

Like Saab Avitronics' current electronic warfare operations in South Africa, AMS will, from a legal point of view, be part of Saab Grintek Defence, which is jointly owned by Saab Grintek and Saab AB.

For more information contact Ben Ash, Saab Avitronics, +27 (0)82 558 3460.

Further reading:

Altron celebrates 60th birthday with a call to rebuild Johannesburg
Altron Arrow News
Altron is celebrating its 60th birthday by honouring Johannesburg’s heritage and encouraging business, government and civil society to come together and respond to our President’s call to rebuild Johannesburg.

Read more...

---

Electronic News Digest
News
A brief synopsis of current global news relating to the electronic engineering fields with regards to company finances, general company news, and engineering technologies.

Read more...

---

Jemstech to produce PCB assemblies for Kamstrup
Jemstech News
Jemstech is pleased to announce that they have successfully concluded a supplier agreement with Kamstrup A/S in Denmark, a leading supplier of intelligent metering solutions in the global market.

Read more...

---

New appointments at Hiconnex
Hiconnex News
Hiconnex, a leading provider of electronic components and solutions, has announced key appointments to support its continued growth and commitments to its clients.

Read more...

---

FoundriesFactory service more affordable for smaller OEMs
News
Foundries.io has announced a new, tiered pricing scheme which reduces the cost of its highly regarded FoundriesFactory service for OEMs in the development phase of a new edge AI or Linux OS-based product.

Read more...

---

DMASS 2024 results
News
The semiconductor business faced a severe downturn, with a 31,9% decrease compared to 2023 and a 30,3% drop in Q4 2024 compared to the same period last year.

Read more...

---

Using satellite comms to end copper theft
News
According to Transnet COO Solly Letsoalo, the scourge of copper theft could be a thing of the past by eliminating the use of copper cabling and switching to a satellite communication system.

Read more...

---

Strategic merger: Etion Create and Nanoteq
Etion Create News
Reunert has announced the successful merger of two business units within the Applied Electronics Segment, namely Etion Create and Nanoteq, effective 1 October 2024.

Read more...

---

Securex South Africa 2025
Specialised Exhibitions News
Securex South Africa 2025 is co-located with A-OSH EXPO, Facilities Management Expo, and Firexpo to provide a time-saver for visitors looking for holistic solutions for their facilities.

Read more...

---

Chinese AI causes Silicon Valley stocks to tumble
News
Many stocks took a downward spike, with Nvidia being the hardest hit, losing 16,9% after one day’s trading.

Read more...

---