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04 Mar 2021
.while Active Silicon is acquired by fellow UK company Solid State for £6.3 million.
Saabâs Vidar (2018) is designed for harsh environments.Lumibird, a developer of diverse laser technologies, has signed an agreement with the Swedish company Saab to acquire its defense laser rangefinder business. This acquisition will contribute to consolidating the Lumibird Groupâs position on the European defense market.
Saabâs defense laser rangefinder business, based in Gothenburg, represents over â¬10 million of revenues based on the year ended December 31, 2020.
Assuming the acquisition completes, Lumibird will be able to offer its European Defense sector clients a wider selection of lasers and rangefinders, from short to long range, with increased market coverage. This acquisition will also open up immediate access for all the products to a broader panel of European clients.