Saab spins out ventures success story
The sale of a Sweden-based company using declassified missile-targeting technology would hardly stir much excitement but for two reasons – its price and the buyer’s plans for it.
That the world’s largest technology company, Apple, was willing to pay Skr1.75bn ($260m) for C3 Technologies caught many people’s eyes as the fourth-largest technology exit in Sweden in the past decade.
Industrial group Saab’s corporate venturing unit, Saab Ventures, owned 57.8% of C3 on a fully diluted basis having previously sold…
