Sweden’s largest defence supplier Saab has acquired Bluebear Systems Group Ltd , a British artificial intelligence (AI) enabled autonomous swarm system manufacturer, for an undisclosed amount
The acquisition of all shares in BlueBear is part of Saab’s continued international growth journey across key markets, which include the United Kingdom, Australia, the United States and Germany.
BlueBear is a world-leading provider of AI-enabled autonomous swarm systems for complex defence and security applications.
Notably, the company employs 65 employees at their site outside Bedford, England with a turnover of £8 million in 2022.
The combination of Saab’s world-leading products, services and solutions, and BlueBear’s experience as an agile integrator of AI-enabled autonomous swarm systems will be a powerful driver of Saab’s future capabilities.
Bluebear will contribute to Saab’s existing activities worldwide and Saab will benefit from Bluebear’s expertise in autonomy and swarming, as well as command and control systems.
As emerging and disruptive technologies such as AI, machine learning and autonomous systems have the potential to reshape entire industries, Saab embraces a proactive strategy of selected acquisitions.
AI will enable Saab to further improve system capabilities and increase efficiency across our world-leading product portfolio.
Source: https://www.saab.com/newsroom/press-releases/2023/saab-acquires-bluebear
