# Saab acquires GKN Aerospace's Applied Composites AB

Saab acquired Applied Composites AB (ACAB) from GKN Aerospace. The acquisition was signed on December 22, 2017, and will become effective on December 29, 2017. ACAB has about 55 employees and annual turnover of around 105 MSEK.

- Type: Acquisition
- Announced: 2017-12-22
- Where: Linköping, Sweden
- Jobs: 55
- Status: announced
- Products: composite components for defense applications
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [GKN Aerospace](https://endata.com/companies/3849.md) (partner)
- [Saab AB](https://endata.com/companies/9708.md) (acquirer)
- [Applied Composites AB](https://endata.com/companies/28989.md) (target)
- [GKN Aerospace Applied Composites AB](https://endata.com/companies/29071.md) (target)

## Sources

- [saab.com](https://www.saab.com/newsroom/press-releases/2017/saab-acquires-gkn-aerospaces-applied-composites-ab-business), 2017-12-22: "This is a very important and crucial acquisition for Saab."
- [compositesworld.com](https://www.compositesworld.com/news/saab-acquires-gkn-aerospaces-applied-composites-business), 2017-12-22: "This is a very important and crucial acquisition for Saab"
- [mannheimerswartling.se](https://www.mannheimerswartling.se/en/assignment/saab-ab-publ-has-acquired-gkn-aerospace-applied-composites-ab/), 2017-12-29: "SAAB AB (publ) has acquired GKN Aerospace Applied Composites AB."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.