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Mandates | 2017-12-22

Törngren Magnell assisted in the sale of N. Sundin Dockstavarvet and Muskövarvet to SAAB

Törngren Magnell has, together with the financial adviser Livingstone Partners, advised the sellers in connection with the sale of the combat boat manufacturer N. Sundin Dockstavarvet AB and the repair shipyard Muskövarvet AB to the defence and security company SAAB. The companies will form a new business unit within Saab’s business area Kockums with a total turnover of SEK 250 million. The acquisition strengthens Saab Kockums’ marine product portfolio and increases its capacity for service and maintenance on Muskö.

N. Sundin Dockstavarvet, based outside Örnsköldsvik in northern Sweden, is a highly specialised manufacturer of aluminium boats. The company was founded in 1905 and has for the last 30 years developed and manufactured advanced high-speed combat boats and patrol boats for both military and civil applications.

Muskövarvet, based on Muskö island in Stockholm’s southern archipelago, is a full-service shipyard that mainly serves the Swedish Navy amphibious forces and other authorities. The company was founded in 2005 and is today one of the foremost repair and maintenance shipyards on the Swedish east coast. Since 2007, the company has been a sister company to N. Sundin Dockstavarvet.

Törngren Magnell’s team consisted of Sten Hedbäck (Partner) and Mikael Ahlberg (Associate).