Saab Bofors Dynamics is a subsidiary of the
Saab Group that specializes in military
materiel such as missile systems and anti-tank systems. It is located in
Karlskoga and
Linköping,
Sweden.
Its corporate heritage goes back to
Bofors, a
hammer mill, which was founded as a
royal state-owned company in 1646. In 1873, this was converted to a modern corporate structure by becoming an "
stock company", in Swedish an
aktiebolag, that is a "
limited company" or a "
corporation". In 1999, Saab purchased the Celsius Group, by that time the parent owner of Bofors. In September 2000, SAAB sold their Bofors Weapon Systems, which produced the
autocannon and tube
artillery weapons, to
United Defense Industries, while Saab retained their
missile interests. Later
BAE Systems acquired United Defense Industries.[1]