The divested business, which centers on software for police, fire departments, and transport authorities, operates primarily out of Hull and Gothenburg. Under the terms of the agreement, Omda will absorb roughly 75 employees and inherit a revenue stream valued at approximately 80 million Swedish kronor. The deal includes an upfront payment of 15 million kronor, with an additional earn-out provision of up to 45 million kronor contingent on future order intake performance.
In section Market Quotes
Saab Divests Public Safety Unit to Norway’s Omda
Swedish defense giant Saab is shedding its public safety solutions division in a deal with Norwegian software developer Omda, a move aimed at tightening the firm’s focus on its core military operations. The transaction involves transferring both personnel and proprietary situational awareness technology to the Oslo-based buyer.
Sverre Flatby, CEO of Omda, noted that the acquisition of Saab’s situational awareness tools significantly bolsters the company’s emergency response portfolio. The transition is slated for completion in the fourth quarter of this year, marking another step in Saab’s ongoing strategic pivot toward defense-specific technologies.
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