Saab Will Divest Shares in its Spinoff 3-D Mapping Company

Saab AB will divest its shares in its spinoff 3D mapping company C3 Technologies AB.

Saab expects the move will increase its earnings per share in 2011. The company said the transaction should close in the third quarter of 2011, subject to customary closing conditions.

Saab Venture founded C3 in 2008.

Saab will continue to offer rapid 3-D mapping applications through its R3DM business development project.

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