Transaction year:
August 2020

Transaction type:
– Corporate Finance

Transaction sector:
– Technology, Media & Telecom

Saab AB, a Swedish listed aerospace and defence company, divests Quality Positioning Services (QPS), which provides hydrographic software solutions within the global maritime industry. The company was sold to Total Specific Solutions (TSS).

QPS, headquartered in Zeist, the Netherlands, is a key provider of software to the niche maritime industry. The company operates with 75 employees and has subsidiaries in Canada and the USA. Saab decided to divest QPS as it was a non-core activity.

TSS is a leading provider of IT business solutions and consists of independent business units that deliver products and services to their specific vertical market segments. TSS, part of Canadian Stock Exchange listed company Constellation Software Inc., acquired all of the shares in QPS.

Vondel Finance acted as lead advisor to Saab AB in the transaction.

Read the press release here.