Brief: Lumibird Announces Signed Agreement To Acquire Saab Group’s Defense Laser Rangefinder Business

Lumibird SA

03/03/2021 06:39

March 3 (Reuters) - LUMIBIRD SA  LBIRD.PA :
    * REG-LUMIBIRD: AGREEMENT SIGNED TO ACQUIRE THE SAAB GROUP’S
DEFENSE LASER RANGEFINDER BUSINESS
    * ACQUISITION IS SUBJECT TO VARIOUS CONDITIONS PRECEDENT, IN
PARTICULAR OBTENTION OF REQUIRED APPROVALS FROM REGULATORY
AUTHORITIES
    * TRANSACTION IS EXPECTED TO BE FINALIZED FOR FIRST HALF OF
2022
    * ACQUISITION WILL CONTRIBUTE TO CONSOLIDATING LUMIBIRD
GROUP'S
POSITION ON EUROPEAN DEFENSE MARKET
    * THIS ACQUISITION WILL ALSO OPEN UP IMMEDIATE ACCESS FOR
ALL
PRODUCTS TO A BROADER PANEL OF EUROPEAN CLIENTS
    * ACQUISITION IS FULLY ALIGNED WITH LUMIBIRD GROUP'S
2021-2023
STRATEGIC PLAN

Source text for Eikon:  ID:nGNE9KnqRz 
Further company coverage:  LBIRD.PA 

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