Swedish defence giant Saab has completed its acquisition of the German owned submarine shipyard for 340 million kronor ($50.4 million) the company announced in a statement late Sunday night.
Swedish defence giant Saab is pushing forward with a deal to acquire the German-owned submarine shipyard, with an announcement expected in the coming days.
The future of Sweden's flagship submarine manufacturer, Kockums, is on the rocks and key export deals are at risk thanks to a campaign of "internal warfare" waged by its German parent to effectively sink the company.
