Lenz & Staehelin advises SAAB AB in strategic joint venture

The Swedish defense and security company Saab and UMS Aero Group, a Swiss producer of tactical unmanned aerial vehicles are forming a joint venture under the name UMS Skeldar AG. UMS Skeldar will acquire from Saab the assets relating to the Skeldar unmanned helicopter. UMS Skeldar’s activities will include the development, manufacture, testing, training and maintenance of unmanned aerial vehicles. It will have its seat in Möhlin, Switzerland, and an office in Linköping, Sweden.

Lenz & Staehelin advised Saab in this transaction with a team led by partner Matthias Wolf (Corporate and M&A) and including Nicolas Bonassi and Andreas Hinsen (both Corporate and M&A).