Sweden's Celsius buys into South Africa's Grintek Avitronics

1999-03-10T00:00:00

Celsius, Sweden's leading defence electronics group, has bought a 49% share in Grintek Avitronics, South Africa's biggest passive electronic warfare development house, for R30 million ($4.8 million). The deal marks the first direct Swedish investment in the South African defence industry.

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