Sjöland & Thyselius (S&T) will be a leading global provider of maritime surveillance systems through the acquisition of SSC's (Swedish Space Cooperation) business unit Airborne Systems. The Swedish surveillance system has a global customer network and has recently attracted attention in context of the search for the missing Malaysian airliner.
Mikael Tjernlund, CEO of Sjöland & Thyselius, is very pleased about the acquisition as a strategic step in S&T's ambitions to strengthen its ability to deliver system technology solutions and increase the international presence of the company.
Airborne Systems has been a part of SSC's product portfolio for 35 years and has developed as a spinoff from the space activities.
Sjöland & Thyselius was founded in 1989 as a company specializing in defense and IT system solutions. The company has for 20 years offered both expertise and total solutions comprising hardware, software, installation and service. In recent years, the company has increased its international presence and focus on total solutions covering the supply of customized system based on commercial products.
S & T's core competence is in systems integration, communication, sensors, signal processing and education, also essential areas of coastal surveillance systems like MSS 6000 and this ensures synergies.
Keystone Advisers acted as advisor to the seller Swedish Space Corporation in the transaction.
Keystone Advisers is a fully independent Corporate Finance firm offering advice related to mergers and acquisitions (M&A), divestitures, as well as various financing arrangements. The firm has advised on approximately 140 transactions to a variety of different clients in a number of sectors since the inception in 2000. Keystone Advisers is a Partner owned firm and where the founders have experience from Investment Banking and Management Consulting from some of the largest global institutions. We are a team of 12 Corporate Finance professionals at the Stockholm office and in addition we have an own organization in the Baltic countries. Keystone Advisers aims to be the leading mid-market M&A advisory firm in the Swedish market.