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Saab increases stake to 25 percent in Akaer

Staff Writer |
Saab has acquired another 10 percent of shares, reaching 25 percent of stakes, in Akaer, one of the largest companies within development of aeronautical projects in Brazil.

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In conjunction with the expansion of the Saab-Akaer partnership, Akaer acquires 100 percent of the shares of the Space and Defense Division (E&D) of the Brazilian optronic company Opto Eletrônica S.A.

Saab and Akaer have been partners since 2008 and the Brazilian company was contracted by Saab to develop parts to the fuselage of the Gripen NG fighter, even before Saab was down-selected for negotiations to re-equip the Brazilian Air Force.

Saab’s investment in Akaer began in May 2012, when Saab made a convertible loan in shares, a contribution of resources equivalent to 15 percent of Akaer.

Saab’s stake in the company is hereby expanded to 25 percent, and Akaer remains independent, and controlled and managed by the Brazilian founder and management. Since 2012, Saab is part of Akaer’s Advisory Board.

With the support of Saab’s investment in the company, Akaer has acquired assets of the Space and Defense Division (E&D) of the Opto Eletrônica S.A, which is renamed OPTO Space & Defense. With more than 30 years, the Brazilian optronic company has obtained the status of Strategic Defense Company (EED) in 2013.

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