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cheapbag214s · Posted: Sun 5:20, 24 Nov 2013 Post subject: head of Market Area

Saab buys into India's Pipavav Offshore and Defence Engineering
LINKOPING,[url=http://www.isabelmarantsneakersbootss.com/]isabel marant boots[/url], Sweden, May 28 () -- Saab of Sweden has invested in an Indian naval sector company that is seeking to expand into other defense areas.The Indian firm is Pipavav Offshore and Defence Engineering Ltd.Saab said it has obtained 3.3 percent of Pipavav's shares for $37.6 million.As well as exercising a Memorandum of Understanding on the investment, the companies have signed a Technical Partnership Agreement for continuation of on-going cooperative efforts by the firms on relevant projects."We are pleased to announce this partnership and our strategic investment in Pipavav," said Lars-Olof Lindgren, head of Market Area, Saab India. "The investment offers a solid platform for growth for us on the Indian market and Pipavav strengthens their competitive position through Saab's technology."India is an important market for us and the investment will further reinforce Saab's strong position in the global defense and security market."Saab and Pipavav had earlier formed a joint venture company, Combat System Engineering group,[url=http://www.isabelmarantsneakersbootss.com/]isabel marant online[/url], for analysis of naval combat system design and architecture.