Phaeros Group has been acquired by Saab, a defence and aerospace solutions provider based in Sweden.

The transaction will help enhance Saab‘s maritime traffic management business worldwide.

"The transaction will help enhance Saab‘s maritime traffic management business worldwide."

Headquartered in Belgium, Phaeros Group is engaged in developing software applications primarily for port and cargo terminal industry.

Zhongwang USA has agreed to acquire Aleris Corporation for an aggregate value of $2.33bn. The transaction is expected to be completed by next March.

Based in Ohio, US, Aleris produces aluminium-rolled products for a number of industries, including aerospace and defence.

The deal allows Aleris to expand its services to the aerospace and automotive sectors.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Airport Technology Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Airport Technology Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now