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SAAB ANNUAL REPORT 2013 31
Growth through acquisitions
The acquisition strategy is intended to strengthen
the portfolio in prioritised areas. During the 2010 to
2013 period Saab conducted a total of 33 transac-
tions, 21 of which were acquisitions and 12 of which
were divestments. Divestments of non-core holdings
generated a total of SEK 1.9 billion in positive cash
ow without Saab having lost any substantial sales.
Acquisitions corresponding to SEK 2.0 billion in core
operations generated approximately SEK 2.0 billion
in sales.
Acquisitions have strengthened the portfolio in prioritised areas and expanded the reach of prioritised areas in strategi-
cally important geographic markets
Ongoing divestment of non-core assets
Total: 33 transactions
2010 2011 2012 2013
Acquisitions and invest-
ments in core operations,
21 in total
Sensis HITT
Medav
Sörman Information
Bayes Risk Mgt
TIKAB
Hydro-Lek
Pipavav
Divestments of non-core
operations, 12 in total
Divestment of several
holdings including
portfolio holdings in
Venture
Divestment of sev-
eral holdings including
portfolio holdings in
Venture, such as C3
Technologies
Divestments of portfo-
lio holdings in Venture
Divestments of portfo-
lio holdings in Venture
TRANSACTIONS 2010–2013
2010 2011 2012 2013 Total 2010-2013
2,000
1,000
0
-1,000
-2,000
Cash flow from divestments of non-core operations
Funds invested in core operations
Net income effect, completed transactions
Cash flow and income effect of acquisitions and divestments
2010–2013, MSEK
Smarter doors for Boeing
Dreamliner
In 2005 Saab signed an agreement
with Boeing for the development, in-
dustrialisation and supply of all cargo
doors and access doors for all models
of Boeing’s B787 Dreamliner aircraft.
The larger doors are supplied com-
plete with hydraulic, mechanical and
electronic systems, making them
ready to be mounted in the fuselage
and operated immediately – plug &
play. In addition, the doors are made
of composites rather than sheet metal,
which both improves performance and
reduces weight.
Boeing 787 Dreamliner Production Line