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Laser technology company Lumibird signed an agreement with Saab to acquire its defense laser rangefinder business. Saab’s laser rangefinder business, based in Gothenburg, Sweden, represents more than €10 million in revenues based on the year ended Dec. 31, 2020.
Per the agreement, Lumibird will offer its European defense sector clients a broader selection of lasers and rangefinders from short to long range, and with greater market coverage. The acquisition is expected to be finalized for the first half of 2022.READ MORE