Saab 2014 Annual Report Download - page 34

Download and view the complete annual report

Please find page 34 of the 2014 Saab annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 142

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142

ACQUISITIONS
yssenKrupp Marine Systems AB (Saab Kockums),
which designs, builds and maintains naval systems
such as submarines and surface vessels, was acquired
in 2014. e integration of Saab Kockums with
Saab began during the year, and the scope for
synergies with Saab’s other naval operations are
considered good. e company is part of business
area Security and Defence Solutions.
e acquisition is consistent with the strategy to
expand the oering and strengthen Saab’s position
in naval systems. It gives Saab another business
with a strong local presence in Sweden and with
good export potential.
RESEARCH COLLABORATIONS
Saab participates in many dierent research
projects with the academic community and other
companies. e aim is to continue to oer the
market advanced and ecient solutions.
Saab’s close research collaborations with institu-
tions such as Chalmers, the Royal Institute of
Technology (KTH) and Linköping University are
continuing. In addition, innovation partnerships are
underway in several other countries outside Sweden.
PRIORITIES GOING FORWARD
Investments in product development remain
focused on a number of key product areas. Acqui-
sition opportunities that strengthen the portfolio
in key areas or the company’s position in selected
markets are continuously evaluated.
e Gripen order from Brazil will mean closer
co-operation with Brazil on an academic level
as well, largely through the Swedish Brazilian
Innovation & Research Center (CISB). e Group’s
stronger presence in important markets leads to
closer customer relationships that, in the long
term, can lead to R&D collaborations.
SAAB VENTURES
Some of Saab’s development projects result in
product ideas that fall outside the core areas. ese
projects have been consolidated in Saab Ventures,
whose role is to drive and develop the businesses
together with other co-investors before nding a
natural home for each company. Saab Ventures’
other purpose is to nd and invest in small,
rapidly growing companies that could eventually
complement Saab’s portfolio.
TRANSACTIONS 2010–2014
2010 2011 2012 2013 2014
Acquisitions and
investments
• Sensis • HITT
• Medav
• Sörman
Information
• Bayes Risk
Management
• TIKAB
• Hydro-Lek
• Pipavav
• Saab Kockums
• Bayes Risk
Management
Divestments Divestment of
several holdings
including portfolio
holdings in Ventures
Divestment of
several holdings
including portfolio
holdings in Ventures
such as C3 Techno-
logies
Divestments of
portfolio holdings in
Ventures
Divestments of
portfolio holdings in
Ventures
• Scandinavian Air
Ambulance
• Fastighets AB
Odengatan
• Hawker Pacific
Airservices
• Saab Grintek
• Technology
STRATEGY
PORTFOLIO
Saab Ventures’ holdings
Company
Ownership
interest
C-leanship Aps
(c-leanship.com) 48%
ReVibe Energy AB
(revibeenergy.com 38%
Cold Cut Systems AB
(coldcutsystems.se) 29%
Wrap International AB
(wrap.se) 23%
Minesto AB
(minesto.com) 5%
Cash flow from acquisitions and divestments, MSEK
-2,000
-1,000
0
1,000
2,000
3,000
Total20142013201220112010
Cash flow from divestments
During the period 2010-2014, Saab conducted a total of 39 transactions,
of which 23 acquisitions and 16 divestments. In total, the transactions have
had a net positive effect on cash flow amounting to MSEK 763.
Funds invested
30 – SAAB ANNUAL REPORT 2014