Saab Buys Air Traffic Manager Sensis For $155M

Law360, New York (June 29, 2011, 12:12 PM EDT) -- Swedish defense and security company Saab AB said Wednesday it would pay $155 million to buy Sensis Corp., an East Syracuse, N.Y.-based provider of air traffic management solutions and surveillance technology, as it seeks to boost its presence in North America.

The purchase also strengthens Saab's product portfolio within radar, sensors, air traffic management and defense systems development, the buyer said.

Sensis will operate as a Saab subsidiary, and its principals could earn as much as $40 million more if certain earnout conditions are met, the...
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