Saab Grintek Defence Strengthens Its Partnership in South Africa

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Saab Grintek Defence and African Equity Empowerment Investments Limited (former Sekunjalo Investment Ltd), have signed an agreement under which AEEI becomes a partner in Saab Grintek Defence.

 

AEEI previously held a 5% investment in the holding company Saab SA but now strengthens its partnership by acquiring just over 25% of the operational company Saab Grintek Defence.

 

Saab Grintek Defence has reinforced its position as a leading South African defence and security company, bringing capabilities including electronic warfare systems, sensor technology, command and control, training systems, avionics, security and support solutions to the African and international markets.

“We are proud to have AEEI as a strategic partner and we see this agreement as further strengthening our commitment to the industrial growth and prosperity of South Africa at the same time supporting our endeavours to supply security solutions in Africa,” says Leif Karlsson, Acting CEO Saab Grintek defence.

 

As the export market represents almost 75% of the South African company’s total turnover, Saab Grintek Defence was awarded the Best Exporter Award by the SA Premier Business Awards in both 2013 and 2014. Hosted by the Department of Trade and Industry, in partnership with Proudly South Africa and Brand South Africa, the award recognises the spirit of success, innovation and good business ethics in the economy.

 

For further information, please contact:

Saab Press Centre,

+46 (0)734 180 018,