Saab strengthens the offering within virtual training and simulation through Czech acquisition

Saab strengthens the offering within virtual training and simulation
through Czech acquisition

Saab has signed an agreement to acquire assets from the Czech company
E-COM, with its main operations in development and production of virtual
simulators. The acquisition strengthens Saab's product portfolio within
training and simulation with a number of new capabilities and services
within the virtual domain.

Saab is a leading company within training and simulation. The
acquisition of assets of E-COM enhance Saab's offering within the area
of virtual simulation, enabling Saab to offer customers a more
comprehensive product portfolio within training and simulation. Training
and simulation is one of the core areas of Saab with a strong market
position, especially in Europe.

"E-COM has a strong product portfolio and know-how within virtual
training and simulation, and it has entered into the international
market very quickly. By combining our product portfolios, Saab gains an
even stronger position and broadens its market offering of highly
effective training solutions," says Henrik Höjer, head of Training &
Simulation within the Security and Defence Solutions business area at
Saab.

"Saab and E-COM have great technological synergies and Saab has the
sales and marketing resources needed in this highly competitive market.
I am certain that this is a successful match, guaranteeing both quality
and long-term stability," says Ivan Jandl, CEO at E-COM.

E-COM provides products and systems within virtual training and
simulation. E-COM has delivered many different simulators to the Czech
army and also has an international presence with exports to e.g. the US,
Germany, United Arab Emirates and Singapore. E-COM has approximately 120
employees.

E-COM will continue to exist as a company following the acquisition and
will, in the reduced format, pursue some of its current operation in
close cooperation with Saab.

The acquisition is also strengthening Saab's presence in the Czech
Republic, increasing both footprint and brand awareness in the Czech
market. Saab runs several significant projects both in the Czech defence
and civil security segments. The country is an important market for
Saab, and it is considered as a base, enabling expansion of the business
into neighbouring Central and Eastern European countries.

The acquisition of assets of E-COM is expected to have no material
effect on Saab's consolidated financial statements in 2011.

Saab serves the global market with world-leading products, services and
solutions ranging from military defence to civil security. Saab has
operations and employees on all continents and constantly develops,
adapts and improves new technology to meet customers' changing needs.