Saab completes acquisition of TKMS AB (Kockums)

Defence and security company Saab's acquisition of the Swedish shipyard Thyssen
Krupp Marine Systems AB (TKMS AB formerly Kockums) has now been completed. The
acquisition strengthens Saab's position as a comprehensive supplier of naval
military systems.
The required decisions and approvals for Saab's acquisition of Thyssen Krupp
Marine Systems AB (TKMS AB) have now been granted. The company will become a
business unit within Saab's business area Security and Defence Solutions. The
business unit is named Saab Kockums. Saab expects that operations will continue
to be carried out primarily in Malmö, Karlskrona and Muskö.

In June, Saab and FMV signed a Letter of Intent regarding the Swedish armed
forces’ underwater capabilities. With the acquisition of TKMS AB, Saab, together
with the Swedish authority, is able to ensure access to the existing knowledge
and intellectual properties (IPR) necessary for continued development,
production and maintenance in the underwater sector for both the Swedish and the
international markets.

"The acquisition is in line with our strategy to expand our offering and
strengthen Saab's position in the market for naval systems. Kockums has a unique
offering and a strong local presence in Sweden concerning submarines and
warships. The acquisition makes us a complete supplier of naval military
systems. We also see good potential to expand the company's current market
position through opportunities in the export market," says Håkan Buskhe,
President and CEO of Saab.
"We are now beginning the integration of Kockums with Saab, focusing on reaching
full capacity and we are starting work immediately with the orders placed by
Sweden as well as deliveries to other existing customers. This will be followed
by efforts to increase operational efficiency and profitability. This is key in
order to be globally competitive in the long term. There are also good synergies
to achieve with Saab's current naval operations," says Gunilla Fransson, head of
Saab’s business area Security and Defence Solutions.

TKMS AB designs, builds and maintains naval systems such as submarines and
surface vessels. Other successful products include the air-independent Stirling
propulsion system, submarine rescue vehicles and mine countermeasures systems.
The company has approximately 850 employees and supplies systems and products to
the navies of Sweden, Australia and Singapore. During the financial year
2012/2013, TKMS AB reported sales of approximately SEK 1.7 billion (2011/2012:
SEK 1.9 billion) and income from operations of approximately MSEK 34 (2011/2012:
MSEK 13).

The cost of the acquisition, which is financed by existing funds, amounted to
MSEK 340. The impact of the transaction on Saab's results for 2014 is not
considered to be significant.

For further information, please contact:
Saab's press centre, +46 (0)734 180 018, presscentre@saabgroup.com

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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.

The information is that which Saab AB is required to declare by the Securities
Business Act and/or the Financial instruments Trading Act. The information was
released for publication on July 22, 2014 at 12.00 (CET).