Home- Stories -Saab Signs Strategic Cooperation Agreement and Invests in Helsing

Saab Signs Strategic Cooperation Agreement and Invests in Helsing

Our Bureau - : Sep 28, 2023 - : 10:58 am

Saab has entered into a strategic partnership with Helsing, a defence company specialising in AI-based software technologies.

The partnership is built on a cooperation agreement, combining Helsing’s advanced AI capabilities with Saab’s range of solutions, and an investment by Saab of EUR 75 million in cash for a 5 percent stake in Helsing.

Helsing, founded in 2021, develops AI-based capabilities with a software-only approach, which has led to rapid market adoption across Europe. The company has offices in Germany, the United Kingdom and France and has a total of approximately 220 employees.

Saab will benefit as strategic investor in Helsing, thereby enhancing a close cooperation between the two companies and unlocking further capabilities across its portfolio. The cooperation will start with electronic warfare and surveillance capabilities for fighter aircraft as well as other sensors and command and control applications in all domains.

“The investment in Helsing marks another milestone in Saab’s commitment to further bolster our capabilities and continuously improve our portfolio to meet the evolving needs of our customers. Together with the recent acquisitions of BlueBear in the United Kingdom and CrowdAI in the U.S., it also supports our international growth strategy as we seek to ensure Saab is well positioned in strategic markets,” said Micael Johansson, President and CEO of Saab.

“We founded Helsing because we believe that AI will be essential for democracies to continue to defend their values. To serve that mission, we are committed to deep partnerships with established defence companies, combining their exquisite platforms with our cutting-edge software and AI. Saab as a renowned European all-domain defence company is an ideal partner for our advanced software and AI solutions. In today’s challenging threat landscape, it’s ambitious partnerships like these that lead the way,” said Dr Gundbert Scherf, co-CEO and co-founder of Helsing.

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