Saab has completed the SEK340 million (USD49.6 million) purchase of Swedish shipyard ThyssenKrupp Marine Systems AB (TKMS AB formerly Kockums) from German industrial group ThyssenKrupp, Saab announced on 22 July. The business will be re-named Saab Kockums and become a business unit within Saab's Security and Defence Solutions division. The deal value is some way below previously reported estimates, which had suggested Saab expected to pay around SEK1 billion (USD148 million) for the company.
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