8 December 2005Afro-Swedish firm Saab Grintek is buying Aerospace Monitoring and Systems (AMS) in a R30-million deal that will give South Africa’s avionics and defence industry increased global exposure while continuing Saab’s expansion into the South African and African markets.AMS, based in Midrand, Johannesburg, focuses on proprietary aircraft monitoring and recording systems for the global aerospace and defence market. The company boasts a turnover of R58-million, 95% of which is generated by exports – and employs 75 people.Saab Grintek, a partnership between Kunene Bros Holdings (29.7%) and Saab AB (70.3%), is a high technology group specialising in telecommunications and selected niche opportunities within industrial and defence electronics.On completion of the deal, AMS will be part of Saab Avitronics, a Saab business unit focusing on avionics and electronic warfare systems, which already has operations in both Sweden and South Africa.Saab Avitronics announced on Tuesday that it had signed an agreement to acquire AMS, adding that the acquisition, still subject to approval by the regulatory authorities, was likely to be effective by April 2006.“AMS’s product portfolio and markets fit very well into our avionics business,” Saab Avitronics president Bjorn Erman said in a statement. “Especially in the areas of safety, monitoring and digital recording systems, where together we will be a significant global player.”AMS CEO Christo Weder said his company was “excited about the excellent strategic fit between our products, markets and cultures, and [we] look forward to expanding our business under the Saab brand”.Like Saab Avitronics’ current electronic warfare operations in South Africa, AMS will, from a legal point of view, be part of Saab Grintek Defence (Pty) Ltd, which is jointly owned by Saab Grintek (Pty) Ltd and Saab AB.Saab is one of the world’s leading high technology companies, with its main operations focusing on defense, aviation and space.SouthAfrica.info reporter
The BJP has fielded the highest number of ‘crorepatis’ in the 2017 Uttar Pradesh urban body election, according to data analysed by an NGO. It also had the highest number of candidates with criminal record.Voting for 452 municipal posts, including 16 Mayoral posts, will be held in three phases starting November 22. Counting will be on December 1.The data on assets were compiled by Election Watch of the Association for Democratic Reforms, which analyses elections and builds public awareness. Four out of 14, or 29%, of the BJP’s mayoral candidates in U.P. have criminal cases against them. The BSP comes a close second with 21%, or three out of 14 candidates. The SP and the Congress shared the third position among the major parties: 13% of their Mayor candidates have criminal records. The AAP has only one such candidate.Overall, 20 of the 195 candidates across U.P. for the Mayor posts have criminal records against them, 17 of them of a serious nature. Chaudhary Basheer, an independent candidate from Agra, topped the table with six criminal cases under his belt.None of the candidates in Lucknow, reserved for women this time, has a criminal background.The BJP shared the honours for candidates with the highest declared assets with the BSP. Seventy-nine percent of the candidates fielded by the BJP and BSP are crorepatis. It is 73% in the case of SP and the Congress.Overall, across U.P., 70 out of 195, or 38% of the candidates, are declared crorepatis. Navin Kumar Jain, the BJP candidate in Agra, was by far the richest with assets worth ₹409 crore, followed by his party colleague Abhilasha Gupta from Allahabad who declared ₹58 crore. Brijendra Vyas Damdam Maharaj, the BSP nominee in Jhansi, was the third richest with assets worth ₹37 crore.Anil Sharma, coordinator, U.P. Election Watch, said while there was the usual display of money power in the municipal polls, which include Nagar Palika Parishads and Nagar Panchayats, some candidates resorted to innovative ways to escape the radar of the Election Commission. If a candidate was distributing biryani in Jhansi, another in Gorakhpur was giving out free footballs. In Moradabad, a candidate tried to lure voters by distributing brass items, while in Lucknow, a candidate gifted wall clocks in his ward. In Ambedkarnagar, the ADR found, candidates were distributing free biryani and liquor.A good signThe Election Watch also observed that voters this year seemed to consider the credentials of the candidate, instead of merely focusing on party affiliations. “People have shown a tendency to back good candidates. It is a good sign,” said Sanjay Singh, coordinator of the Election Watch. But how did he come to this conclusion? “It was based on a focused group discussion involving 500 people,” he said.
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