Saab has announced that it has completed a move to divest its controlling interest in the Dutch-based company QPS (Quality Positioning Services), a provider of hydrographic software systems to the maritime industry, with Total Specific Solutions (TSS) acquiring the business.
Following the signing of the agreement on August 3rd, Dutch holding company Total Specific Solutions has completed a share purchase agreement to acquire all outstanding shares of QPS from Saab.
QPS has 75 employees and is headquartered in Zeist, the Netherlands, with two subsidiaries in Canada and the USA.
The move aligns with Saab’s strategy to streamline its product portfolio and to increase focus on five core areas, the company said, including Aeronautics, Sensors, Command & Control, Advanced Weapon Systems and Underwater Systems.
”QPS is a key provider of software to a niche market and TSS will provide a more suitable home for this operation going forward,” said Jessica Öberg, head of Saab’s Industrial Products and Services business area.
“This change is in line with Saab’s strategy to provide a more focused product portfolio where we can continue to develop technical advanced products and services for our current and future customers.”