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Lumibird to Acquire Saab Group’s Defense Laser Rangefinder Business

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LANNION, France, March 5, 2021 — Laser technology company Lumibird signed an agreement with Saab to acquire its defense laser rangefinder business. Saab’s laser rangefinder business, based in Gothenburg, Sweden, represents more than €10 million in revenues based on the year ended Dec. 31, 2020.

Per the agreement, Lumibird will offer its European defense sector clients a broader selection of lasers and rangefinders from short to long range, and with greater market coverage. The acquisition is expected to be finalized for the first half of 2022.
Mar 2021
BusinesslasersdefenserangefinderacquisitionsEuropemarket consolidationLumibirdSaabFranceSwedendefense lasersDirected Energy

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