Saab buys boat builder Dockstavarvet and repair shipyard

Swedish defence firm Saab has acquired combat boat producer Sundin Dockstavarvet and the repair shipyard Muskövarvet to strengthen its naval sector presence.

Saab said the acquisition of the companies, which generate combined sales of SEK50 million (US$300 million) would become effective on December 29.

Dockstavarvet, based near Örnsköldsvik in northern Sweden, is a producer of aluminium boats, developing high-speed combat and patrol boats for military and civil applications.

It is best known for its CB90-class fast assault craft, with 18 of the units on order for the Swedish Amphibious Corps.

Muskövarvet is a full service repair yard at the Muskö naval base in the southern part of the Stockholm archipelago.

Combined, the companies have 80 employees.