Blue Bear is a world-leading provider of AI-enabled autonomous swarm systems for complex defence and security applications. Based in Bedford (UK), Blue Bear employs 65 employees with a turnover of £8 million in 2022.
The acquisition is part of Saab’s continued international growth journey across key markets, which include the United Kingdom, Australia, the United States and Germany.
The combination of Saab’s world-leading products, services and solutions, and Blue Bear’s experience as an agile integrator of AI-enabled autonomous swarm systems will be a powerful driver of Saab’s future capabilities. Blue Bear will contribute to Saab’s existing activities worldwide and Saab will benefit from Blue Bear’s expertise in autonomy and swarming, as well as command and control systems.
Within Saab, Blue Bear will be a centre for Rapid Concept Development providing expertise and scaling-up innovation.
Transactions Details
Sector:
Defence & Aerospace
Client:
Blue Bear Systems Group Limited
Transaction Type:
Owner manager sale
Counter Party:
Saab UK Limited
Transaction Value:
Not disclosed
Quercus Contacts:
Mike Mortimor, Andrew Clegg