saab automobile ab / ˈsɑːb / was a manufacturer of automobiles that was founded in sweden in 1945 when its parent company , saab ab ( soon to be saab ab ) ( listen ) , began a project to design a small automobile .

the first production model , the saab 92 , was launched in 1949 .

in 1968 the parent company merged with scania-vabis , and ten years later the saab 900 was launched , in time becoming saab 's best-selling model .

in the mid-1980s the new saab 9000 model also appeared .

in 1989 , the automobile division of saab-scania was restructured into an independent company , saab automobile ab .

the american manufacturer general motors ( gm ) took 50 percent ownership with an investment of us$ 600 million .

two well-known models to come out of this period were the saab 9-3 and the saab 9-5 .

then in 2000 , gm exercised its option to acquire the remaining 50 percent for a further us$ 125 million ; so turning saab automobile into a wholly owned gm subsidiary .

in 2010 gm sold saab automobile ab to the dutch automobile manufacturer spyker cars n.v. after struggling to avoid insolvency throughout 2011 , the company petitioned for bankruptcy following the failure of a chinese consortium to complete a purchase of the company ; the purchase had been blocked by the former owner gm , which opposed the transfer of technology and production rights to a chinese company .

on 13 june 2012 , it was announced that a newly formed company called national electric vehicle sweden ( nevs ) had bought saab automobile 's bankrupt estate .

according to " saab united " , the first nevs saab 9-3 drove off its pre-production line on 19 september 2013 .

full production restarted on 2 december 2013 , initially the same gasoline-powered 9-3 aero sedans that were built before saab went bankrupt , and intended to get the automaker ’s supply chain reestablished as it attempted development of a new line of nevs-saab products .

nevs lost its license to manufacture automobiles under the saab name in the summer of 2014 and now plans to produce electric cars based on the 9-3 under its own brand name .

saab automobile

saab automobile <EOT> a statement on the court ' s website said three saab companies had filed for bankruptcy : saab automobile aktiebolag , saab automobile tools ab and saab automobile powertrain .

in 1989 the automobile division of saab - scania was restructured into an independent company , saab automobile ab .

1989 the automobile division of saab - scania was restructured into an independent company , saab automobile ab . the american manufacturer

swedish automobile said that youngman , having considered g . m . ’s position , “informed saab automobile that the funding to continue and complete the reorganization of saab automobile could not be concluded . ”

zhejiang youngman lotus automobile and pang da automobile trade agreed to pay 100 million euros , or $ 140 million , for saab and its british unit , according to saab’s parent company , swedish automobile .

saab convertible is a car produced by saab automobile ab . . . . more on wikipedia

its modern version , beijing automobile works co ltd ( baw ) , was properly founded in 2001 and incorporates the original beijing automobile works as well as the first chinese automobile joint venture beijing jeep , beijing automobile assembly and foton .

tags : bankruptcy litigation china general motors saab spyker zhejiang youngman lotus automobile co .

urltoken —covers any news to do with saab automobile - anywhere in the world .

investor ab completes leveraged buyout of saab - scania , thereby becoming a joint owner of saab automobile .

saab automobile has proposed that the district court appoints swedish lawyer guy lofalk as administrator , who also was the administrator in the successful 2009 saab automobile reorganization . victor muller , ceo of swan and ceo and chairman of saab automobile , and the saab automobile management team will cooperate closely with the administrator to execute the reorganization plan . the voluntary reorganization process will cover saab automobile ab , saab automobile powertrain ab and saab tools ab . all other entities , including saab parts ab and all overseas entities such as saab great britain and saab cars north america , are excluded from the reorganization .

in june of 2013 the swedish national debt office sold the assets of saab automobile ab to national electric vehicle sweden ab ( nevs ) and the receivers of the saab automobile bankruptcy estate signed a purchase agreement , which covers the main assets of saab automobile ab .

saab opel sverige ab ; saab cars holdings corp . ( u . s . a . ) ; saab great britain ltd . ; saab deutschland gmbh ( germany ) ; saab norge a / s ( norway ) ; saab automobile australia pty ltd ; saab france s . a . ; saab - ana finans ab ; saab denmark a / s ; saab japan inc ; saab canada inc . ; saab automobile in - vestering ab ; saab automobile schweiz ag ( switzerland ) ; saab korea .

principal subsidiaries : saab opel sverige ab ; saab cars holdings corp . ( u . s . a . ) ; saab great britain ltd . ; saab deutschland gmbh ( germany ) ; saab norge a / s ( norway ) ; saab automobile australia pty ltd ; saab france s . a . ; saab - ana finans ab ; saab denmark a / s ; saab japan inc ; saab canada inc . ; saab automobile investering ab ; saab automobile schweiz ag ( switzerland ) ; saab korea .

the swedish ur best translates as original , and ursaab was the saab’s first prototype automobile .

national electric vehicle sweden ( nevs ) , a joint venture between china ' s national modern energy holdings and the japanese fund sun investment , announced it had finalised its acquisition from bankruptcy administrators of the main assets of saab automobile , saab automobile powertrain and saab automobile tools .

saab and two subsidiaries filed with the district court in vanersborg , sweden , according to saab’s parent company , swedish automobile . the parent company said it “does not expect to realize any value from its shares in saab automobile , ” and that it “will write off its interest in saab automobile completely . ”

news about saab automobile ab , including commentary and archival articles published in the new york times .

victor mullerand his sports car company spykermissing opportunities to save saab automobile . saab automobile was sold to spyker cars n . v . in 2010 after a deal between spyker and then - current owner…

zeewolde , netherlands — swedish automobile n . v . ( swan ) announces that saab automobile ab and its subsidiaries saab automobile powertrain ab and saab automobile tools ab ( collectively saab automobile ) will file for voluntary reorganization today at 09 : 00 cet with the district court in vanersborg , sweden . swan and saab automobile are of the opinion that , considering saab automobile’s current limited financial resources , a voluntary reorganization will entail the best preconditions for using existing resources in the most efficient way . the eventual purpose of the proposed voluntary reorganization process is to secure short - term stability while simultaneously attracting additional funding , pending the inflow of the equity contributions of pang da and youngman .

" gm ' s actions had the direct and intended objective of driving saab automobile into bankruptcy , a result of gm ' s . . . interfering with a transaction between saab automobile , spyker and chinese investor youngman that would have permitted saab automobile to restructure and remain a solvent , going concern . "

a saab automobile car rolled off the assembly line for the first time in more than two years .

and spyker cars nv today announced that they have finalized the deal for spyker to purchase saab automobile ab .

victor muller and his sports car company spyker missing opportunities to save saab automobile . saab automobile was sold to spyker cars n . v . in 2010 after a deal between spyker and then - current owner general motors .

" saab automobile ab . " international directory of company histories . . retrieved july 09 , 2018 from urltoken urltoken

s stock . saab automobile thereby became 50 - 50 owned by investor and gm . against the backdrop of wallenberg

saab automobile ab v . general motors co . , no . 13 - 1899 ( 6th cir . 2014 )

gm credit ab ; gm europe treasury company , ab ; gm worldwide purchasing sweden ab ; saab automobile investering ab ; saab opel sverige ab ; saab automobile australia pty ltd ; saab deutschland gmbh ( germany ) ; saab france s . a . ; saab automobili italia s . r . l . ( italy ) ; saab great britain ltd . ; saab cars usa , inc .

general motors purchases 50 percent interest in saab car division , which is reorganized as saab automobile ab , a 50 - 50 joint venture of gm and saab - scania .

in an effort to promote these innovations , saab history has launched an entire section on the website devoted to saab automobile’s innovations past and present .

spyker acquires from saab automobile investering ab , a subsidiary of general motors ( “gm” ) , all the issued and outstanding ordinary shares in the capital of saab automobile a . b . ( “saab” ) for a consideration of usd 74 million ( “purchase price” ) .

number of markets : saab automobile ab is marketing and selling cars in more than 60 countries . the management group :

this site is not affiliated with swedish automobile or any other saab business . all trademarks recognised . content copyright © 2000–2018

during the last couple of years , the company has invested some 120m euros in saab automobile , mr muller says .

in talladega 1986 and talladega 1996 projects saab automobile performed two endurance tests at the talladega superspeedway in alabama , usa .

2 . “saab automobile’s global sales volume 1947 - 2007” ( 2008 ) . web : www . saabhistory . com .

to be competed for annually by national automobile clubs , racing three cars each that had been built of parts made in the respective countries . the automobile club de france organized the first

general motors purchases 50 percent interest in saab car division , which is reorganized as saab automobile ab , a 50 - 50 joint venture of gm and saab - s cania .

this lawsuit seeks redress for the unlawful actions gm took to avoid competition with saab automobile in the chinese market . gm ' s actions had the direct and intended objective of driving saab automobile into bankruptcy , a result of gm ' s tortiously interfering with a transaction between saab automobile , spyker and chinese investor youngman that would have permitted saab automobile to restructure and remain a solvent , going concern . the monetary value of the claim amounts to us $ 3 billion ( three billion us dollars ) .

as security for the guarantee , saab had pledged the shares in subsidiary saab automobile parts ab ( parts ) and saab automobile tools ab ( tools ) . the debt office chose not to immediately realise the pledged shares , instead affording the trustees the opportunity to sell the entire saab group to a single buyer .

saab automobile ab v . general motors co . , no . 13 - 1899 ( 6th cir . 2014 ) : : justia

trollhättan , sweden : saab automobile today announced the appointment of former bertone and pininfarina designer jason castriota as its new design director .

general motors corporation ( gm ) purchases 50 percent interest in saab car division , which is reorganized as saab automobile ab , a 50 - 50 joint venture of gm and saab - scania .

for months , muller tried to pull off a rescue deal with various russian , middle eastern and chinese investors , including china ' s pang da automobile trade co . and zhejiang youngman lotus automobile co .

we owe it to our stakeholders and ourselves that justice is done and we will pursue this lawsuit with the same tenacity and perseverance that we had when we tirelessly worked to save saab automobile , until gm destroyed those efforts and deliberately drove saab automobile into bankruptcy . "

" saab automobile ab . " international directory of company histories . . encyclopedia . com . ( july 9 , 2018 ) . urltoken

general motors and koenigsegg group ab today confirmed details of a memorandum of understanding for the purchase of saab automobile ab that is intended to secure saab ' s future .

saab ' s very first car , the prototype saab 92001 , at the saab car museum .

victor muller , ceo of spyker cars n . v . and chairman of saab automobile , said : “these figures show that saab automobile is firmly establishing itself as an independent car manufacturer and reflects the tremendous tenacity shown by all our employees and dealers in what has been an incredibly eventful year for saab .

saab automobile ab is a swedish premium car manufacturer . it was formed in 1945 when saab ab , “ svenska aeroplan ab ( aktiebolaget ) ” ( english : swedish aeroplane corporation ) , a swedish aerospace and defence company , commenced a project to design a small automobile .

since saab automobile is in receivership and hence incapable to contribute to the costs of litigation , spyker and saab automobile have entered into an agreement pursuant to which spyker will bear the costs of such litigation in exchange for a very substantial share of saab automobile ' s award when the proceedings are successful . spyker has secured the financial backing required to see the lawsuit through to the end from a third party investor .

to purchase saab automobile ab . the transfer of ownership took place at 16 : 30 on february 23 . going forward saab automobile and spyker cars will operate as sister companies under the umbrella of the amsterdam euronext listed parent company spyker cars n . v . ( ticker symbol : spykr ) . this transaction secures the future of saab automobile and signals the start of an exciting new era for the iconic brand .

in talladega 1986 and talladega 1996 projects saab automobile performed two endurance tests at the talladega superspeedway in alabama , usa . this year it is 30 years ago since saab 9000…

saab automobile has struggled with its finances for months . production at its plant in the swedish town of trollhattan has been halted since april .

however , automobile accidents carried a dramatically different meaning for the auto - fetishists in the 1973 novel crash .

saab prototype | w . saab prototypes & conceptcars | pinterest | cars , saab 900 and dream cars

exercised its option to acquire the remaining 50 % for a further $ 125 million ; so turning saab automobile into a wholly owned gm subsidiary .

" chinese customers demand a premium electric vehicle , which we will be able to offer by acquiring saab automobile in trollhaettan , " he added .

saab automobile , known as a historical leader in the hatchback segment of the automotive industry , has not offered a true hatchback model since 2002 .

general motors confirmed tuesday that the deal to sell its loss - making saab automobile unit in sweden was off , the new york times reported .

on december 15 , 1989 , general motors announced that it intended to buy 50 percent of saab scania ' s car business and to form a new company , saab automobile ab .

gm , which operates in china in a partnership with state - run automaker saic motor corp . , late last year effectively blocked deals with two chinese investors , pang da automobile trade co . and zhejiang youngman lotus automobile .

the reorganization plan contains a blueprint of how saab automobile’s management expects to improve saab automobile’s business model with an emphasis on an independent , lean and competitive organization . many key elements of saab automobile’s original business plan remain , as management believes the objectives of the overall strategy remain intact . through the roll - out of a fully rejuvenated product portfolio , partnerships with chinese firms pang da and youngman that will ensure access to the world’s largest and fastest growing market , and a strong and global brand , saab automobile is well - positioned to realize its objective of becoming a viable independent premium car manufacturer .

general motors has owned saab automobile for the better part of 18 years this year , 50 % since 1989 / 1990 and 100 % since 2000 .

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on june 13 , 2012 , it was announced that a newly formed company called national electric vehicle sweden ( nevs ) had bought saab automobile’s bankrupt estate .

trollhättan . spyker cars n . v . today confirmed it has finalized the deal with general motors company to purchase saab automobile ab . the transfer of ownership took place at ( around 5pm ) on february 23 . prior to the close of the deal saab exited liquidation and control was reinstated to jan åke jonsson , saab automobile’s ceo , and his management team . going forward saab automobile and spyker cars will operate as sister companies under the umbrella of the amsterdam euronext listed parent company spyker cars n . v . ( ticker symbol : spykr ) . this transaction secures the future of saab automobile and signals the start of an exciting new era for the iconic brand .

after that , saab , swan and muller had nowhere to go , saying : “after having received the recent position of general motors on the transaction with saab automobile , youngman informed saab that the funding to continue and complete the reorganisation of saab could not be concluded . ”

it is the hope of many that saab automobile usa will be referencing this post and of course , the poll results and associated comments with their advertising campaign .

in a last bid for survival , saab had been trying in recent months to arrange an infusion of cash from chinese investors , including zhejiang youngman lotus automobile .

from street cars and locomotives , to aircraft , automobiles , computers and missiles — that’s just part of the history of saab — aeroplan aktiebolaget ( swedish aircraft company ) — makers of the saab automobile .

detroit — ally financial inc . ’s swedish subsidiary , gmac financial services ab , is a creditor of saab automobile ab and as such is taking the appropriate steps to protect ally’s interests during saab’s reorganization .

without formal resolution from the administrators , however , it seems that , for the time being , british saab owners and saab dealers are in limbo . saab in sweden says the situation varies . saab automobile ab is not liable for warranties , according to a statement on december 19 .

ursaab – the name says it all . this was the original , prototypical saab automobile . it was built by a group of aircraft engineers—and it kind of showed .

as part of the reorganization filing , the court - appointed administrator will apply for the swedish state’s wage guarantee scheme to allow wage payments to all saab automobile employees to be made . august salaries are expected to be paid within a short time frame following the court approval . with regards to outstanding debts to creditors , saab automobile will seek the support of its creditors for the reorganization process and is confident it will obtain this support , particularly because saab automobile aims at full redemption of outstanding debts .

the automobile red book has been producing comprehensive , accurate automotive guidebooks since 1911 . we ' ve been there through the ups and downs of the automobile business , fluctuations in our economy , and the best and worst times in our nation ' s history .

1993 automatic clutch : the saab sensonic is offered on the saab 900 turbo .

on the face of it , swedish automobile has doubled its money , having agreed to sell saab for 100m euros after having bought it from general motors for 52m euros .

chief prosecutor olof sahlgren has closed an investigation into saab automobile ' s former chief financial officer , karl g . lindström , who was suspected of assisting in accounting fraud .

victor muller and his sports car company spyker missing opportunities to save saab automobile . saab automobile was sold to spyker cars n . v . in 2010 after a deal between spyker and then - current owner general motors . in 2012 , spyker filed a lawsuit against gm asking for us $ 3 billion in damages after gm had attempted to block the

both full - year sales and production were heavily influenced by events in the beginning of 2010 , as saab automobile emerged from liquidation and restarted production at its trollhättan - based plant at the end of march after a seven - week standstill . as the year proceeded , saab automobile continued to see sales momentum increase quarter by quarter in several key markets .

s strategic maneuvers , saab automobile continued to lose money , recording a loss of us $ 848 million in 1990 , which translated into an alarming us $ 9 , 200 loss for each car sold . meantime , saab

ursaab was a compact , front - wheel drive , monocoque construction – a rare combination in the forties and the sort of departure from the norm that was only possible with aircraft manufacturers developing an automobile without any automobile design baggage . this is the sort of unconventional thinking that has come to typify saab ever since .

zeewolde , the netherlands ( 26 january , 2010 ) – general motors company and spyker cars n . v , today confirmed the details of a binding agreement over the transfer of ownership of saab automobile ab of trollhättan , sweden . the transaction is expected to close in february and saab automobile will exit the orderly wind down process in line with that timetable .

saab is guided by its fundamental values . consequently , saab can never accept corruption .

saab automobile’s roots date back to the 1937 establishment of aircraft manufacturer svenska aeroplan ab , which began making cars in 1947 . the auto business was split from the aerospace operations , now called saab ab , in the 1990s .

saab automobile , the pride of trollhättan , sweden , is no longer the company we long new and loved , but with many former engineers and staffers still working for the new chinese - financed firm of nevs [ new electric vehicle sweden ] , itself created from the holdings of the bankrupt saab automobile , there’s hope that some of the old saab spirit may manifest itself in future four - wheeled products .

, professional and amateur automobile sport practiced throughout the world in a variety of forms on roads , tracks , or closed circuits . it includes

on roads not built for the automobile , let alone racing , ultimately caused road races to decrease in number . a notable exception was the

“trollhättan , sweden : spyker cars n . v . ( spyker ) announces that the intended sale of saab automobile property ab ( saab property ) is still uncertain and subject to the fulfillment of a number of additional conditions imposed by the european investment bank ( eib ) on saab automobile ab ( saab automobile ) , general motors ( gm ) , the swedish national debt office ( ndo ) and the swedish ministries of finance and enterprise . ” this was a concept car , the phoenix , that saab rolled out at the new york auto show last week : according to jason castriota , saab executive design director ( and new york native ) , “the phoenix establishes a new reference point for the future of saab product design .

in 1 986 and 1996 saab automobile performed two endurance tests at the talladega superspeedway in alabama , usa . this year it is 30 years ago since saab 9000 were driven in the long run and 20 years ago since the saab 900 were driven in the talladega challenge .

presently blue grass saab is an authorized saab parts and service center . saab parts ab never went through bankruptcy and oem saab parts are still produced and sold with a warranty .

spyker nv has filed a complaint in the united states district court of the eastern district of michigan against general motors , on behalf of saab automobile , seeking us $ 3 billion in damages . the dutch automaker acquired saab [ … ]

the saab formula junior was a car built in 1960 by the swedish car maker saab .

blue grass has a warm spot in its heart for saab vehicles and the saab brand .

he told reporters the $ 3 billion claim was based on what saab would have been worth if a deal with chinese firm zhejiang youngman lotus automobile co , or youngman , had gone ahead .

less than two years after acquiring the carmaker saab , victor muller , its chief executive and the majority shareholder of the parent company swedish automobile , has hammered out a deal to sell it .

general motors corp . announced friday it will acquire a half - interest in the car - making operations of sweden ' s saab - scania ab aerospace and automobile group for $ 600 million .

“the board of saab automobile subsequently decided that the company , without further funding , will be insolvent , and that filing bankruptcy is in the best interests of its creditors , ” it said .

in june 2012 , the trustees made an agreement to sell the majority of assets in the bankrupt companies saab , tools and saab automobile powertrain ab to national electric vehicle sweden ab ( nevs ) . parts was not included in the sale .

saab began as an aircraft manufacturer , then launched automotive production in 1949 . its automobile operations became a division of saab - scania ab following the 1969 merger of saab ab and scania - vabis ab , a maker of trucks , buses , and diesel engines . saab automobile ab was officially formed in 1990 when general motors purchased 50 percent of saab - scania ' s passenger car business . the following year investor ab gained the other 50 percent interest following investor ' s leveraged buyout of saab - scania . in 2000 gm bought out investor ' s interest in saab , making the company a wholly owned gm subsidiary .

at the new york automobile show of april 1958 , saab exhibited a car that they called the gran turismo 750 , a sporty and luxurious model that was pitched specifically at the growing us market .

with a new season upon us for saab automobile , particularly in the united states , i am optimistically curious as to how , what , where and when saab automobile usa will be deploying their advertising campaign for the new 2008 saab 9 - 3 . this model will be or already is available in dealerships in the united states , and the xwd ( cross - wheel drive ) option is supposed to be available for these models shortly thereafter .

castriota , 36 , now takes the lead role in design at saab , reporting directly to saab automobile ceo jan åke jonsson . he and his design company will be responsible for exterior and interior design and will lead the design activities at saab as the brand renews and broadens its product range .

grand prix racing , automobile racing on closed highways or other courses somewhat simulating road conditions . such racing began in 1906 and , in the second half of the 20th century , became the most popular kind of racing internationally . from the beginning , grand prix racing was national and controlled by automobile manufacturers under…

saab prototype | w . saab prototypes & conceptcars | pinterest | cars , volvo and dream cars

saab car museum - mr . saab , erik carlsson has passed away . . . | facebook

saab automobile president and ceo jan åke jonsson added : “i am very happy with all our achievements since saab automobile embarked on its journey as an independent car manufacturer . while exciting new cars like the 9 - 4x crossover vehicle and the long - awaited 9 - 5 sportcombi will go on sale this year , we also continue to expand our distribution network into important growth markets such as china and russia .

paris — the owner of saab automobile finally threw in the towel monday , filing for bankruptcy after hopes of a life - saving investment from chinese investors collapsed in the face of opposition from general motors .

rights statement : © oliver , n . , & holweg , m . ( 2011 ) . who killed saab automobile ? : obituary of an automotive icon . edinburgh : edinburgh , university of edinburgh .

in massachusetts , tesla simply opened for business without going through the legislature and then fended off a legal battle brought by the massachusetts state automobile dealers association .

the ever - expanding defective automobile air bag recall has now grown to include cars that aren ' t sold or made anymore - - saabs and saturns .

gm bought 50 percent of saab in 1990 and the rest 10 years later . it decided to sell the brand in 2009 after the financial crisis and came close to closing it before swedish automobile , then called spyker cars , bought saab in january 2010 .

saab ' s name began as an acronym , saab , for svenska aeroplan aktiebolaget ( swedish aircraft company ) . as the name indicated , the company began by manufacturing aircraft . in 1946 it started exploring the possibility of manufacturing cars as well . in 1949 the saab 92 became the first saab automobile available to the public . the aircraft portion of saab , saab ab , later separated from the automotive manufacturer to form a second , fully independent company .

saab automobile is an international automobile company with its traditions firmly established in sweden . our background as an aircraft manufacturer has given us the broad - based foundation of technical expertise and innovative concepts which characterise the company just as much now as they did when it was originally established more than 50 years ago . this is precisely what typifies us in our role as car manufacturers

part of the global saab group , saab defense & security usa develops , modifies and delivers saab ' s portfolio to u . s . customers .

s oldest automobile manufacturers , as well as a respected producer of aircraft , missiles , and energy systems , saab - scania ab has faced significant challenges in the 1990s . in 1989 , as its inefficient automobile division continued to lose money , saab - scania entered into a joint venture with general motors corporation . the combined effort made important productivity improvements , but the company still sought to gain ground in the highly competitive global

" indeed , it was gm ' s intent by whatever means necessary to quash any financing or investment deal that could save saab from liquidation , because gm simply sought to eliminate saab from competition , particularly in the chinese automobile market , " the complaint said .

in early 2010 , the debt office issued a government guarantee to the european investment bank for a project loan to saab automobile ab ( saab ) . when saab went bankrupt in december 2011 , the debt office honoured the guarantee and redeemed the loan . in return , we received a claim of approximately sek 2 . 1 billion in saab ' s bankruptcy estate .

saabs united —a saab based weblog that aims to cover every aspect of information related to saab automobiles .

perhaps had saab engineers been more compliant saab would not have been sold during the general motors bankruptcy .

[ … ] i think this section is a great start , so not only do i encourage you to visit it , i also suggest you visit saab history’s saab “innovations” section as well for a more complete listing of all of saab automobile’s innovations through the ages . email this post print this post [ … ]

. the company also sold saab automobile to dutch car maker spyker . currently , the company owns buick , chevrolet , cadillac and gmc . general motors recently sold its stakes in opel and vauxhall to psa group .

there has been a lot of news as of late and i have decided to just put up a poll to see what the general consensus of the public thinks about what general motors should do with saab automobile .

1 . “spyker cars n . v . : spyker cars n . v . ( including saab automobile a . b . ) reports its semi - annual report 2010” . web : www . reuters . com .

saab automobile ab , a swedish premium car manufacturer , formed in 1945 when a swedish aerospace defense company began to design a small automobile . the first production model , the saab 92 launched in 1949 , sold 20 , 000 cars through the mid - 1950s . redesigned , re - engineered , and renamed the saab 93 in 1955 , the car gained an engine cylinder , going from two to three , and became the first with saab’s trademark trapezoidal radiator grill . a station wagon , the 95 , joined the 93 in 1959 .

[ … ] i ran a poll back on june 8th about general motors ownership of the saab automobile brand . the overwhelming majority of those that took the pole believed that it would be best for saab , if they were sold to another owner . [ … ]

unlike most european and other countries , the united states has no single automobile racing body . the governing bodies noted above for various kinds of racing are members of the

beijing - branded suvs , once an iconic vehicle in china for their military styling , will make a comeback this year , beijing automobile works ( baw ) said .

jan åke jonsson , ceo of saab automobile ab said : “it has been a challenging 15 months for saab but our global organization has shown a fighting spirit that will serve us well going forward . the agreement with spyker cars has secured saab’s future and will enable us to maximize the brand’s potential through an exciting new product line - up with a distinctly saab character . ”

last year ' s successful acquisition of core technology from saab automobile ab , a swedish automaker owned by spyker cars nv , was said to accelerate baw ' s independent research and development capability by at least five years .

saab owners have a reputation for being fiercely loyal to their brand . but the recently announced bankruptcy of saab automobile has left its owners with feelings of uncertainly and a number of difficult questions about warranty issues , parts availability and the possible drop in value of their cars .

…coincided with the development of automobile sports . there was a class for motorcycles in many of the old town - to - town automobile road races , the paris - vienna race , for example . the de dion tricycle dominated the sport in 1897 , but two - wheelers like the werner soon set the stage for an entirely different form…

swedish automobile , formerly known as spyker cars , said the move would buy it time to receive funding from chinese investors , currently awaiting regulatory approval , and avoid bankruptcy .

, france , and back , a distance of 1 , 178 km . the winner made an average speed of 24 . 15 kph . organized automobile racing began in the

paris — saab automobile said friday that it had won a reprieve from collapse after two chinese carmakers agreed in principle to buy the ailing swedish automaker just hours before it faced court action that could have led to its liquidation .

an automobile design project was started in 1945 with the internal name x9248 . the design project became formally known as project 92 ; the 92 being next in production sequence after the saab 91 , a single engine trainer aircraft .

more than a year after it last made a car , saab automobile of sweden was sold on wednesday to a group of chinese , japanese and swedish investors who plan to convert the company into a manufacturer of electric vehicles .

saab was losing $ 1 . 3 million a day during the ownership of victor muller ! – saab planet

bmw’s partnership with saab , announced last month , drew a large amount of positive press attention for saab .

although the last new saab produced and sent to the united states was in 2011 , blue grass saab maintained a saab selling and servicing presence through july 2014 .

saab automobile has continues to prove that they are a leader when it comes to firsts in the industry . it is about time that these industry firsts and other innovations are best represented in an an easily accessible and intuitive format .

we collaborate with a range of different organisations . throughout the years , we have participated in a number of collaborative education projects together with , e . g . saab automobile , scania , foi and several municipalities and regional councils .

saab car museum and the saab car museum support association invites on saturday , october 8th to the open house at saab car museum to celebrate 30 years ago drove saab 9000 talladega talladega classic circuit in the united states .

so , fortunately , bmw has better brand cache than gm but saab still needs to ensure that a saab both looks and behaves like a saab . saab needs to benefit from bmw equity without diluting its own equity .

in 1948 , a company site in trollhättan was converted to allow automobile assembly and the project moved there , along with the car manufacturing headquarters , which has remained there since .

after a strong performance , retail sales in q4 2010 came in at 10 , 139 cars , up 32 % from q3 2010 . annual retail sales amounted to 28 , 284 cars . total saab automobile production in 2010 amounted to 32 , 048 units , compared to 20 , 905 units in 2009 ( up 53 % ) . saab automobile’s financial results will be published on 25 march 2011 , as part of the annual results report of spyker cars n . v .

creative ability . the results speak for themselves . saab automobile has always been at the leading edge when it comes to design , performance and safety . our history is full of technical innovations which are now standard in the majority of cars

during victor muller’s time of saab automobile company lost a total of $ 900 million , published in today’s edition of the swedish daily dagens nyheter . this corresponds to approximately $ 1 . 3 million per day ! ( during 22 months )

saab started selling outside its homeland in 1960 , with sales of the saab 96 eventually reaching half a million .

automobile offers a rich and varied examination of the automotive universe in all its forms - delivered by our stable of first - class editors and freelance contributors and illustrated with vibrant photography .

saab toad , or paddan in swedish , was a development car saab made in 1966 to test out the new chassis , drive train and engine for the saab 99 .

the saab 98 project began just two years after the production of the saab 99 started . a new concept termed by saab as combi coupé . saab 98 never went into production , but the combi coupe did as a 99 .

50 - 50 joint venture of general motors corporation and investor ab incorporated : 1990 employees : 9 , 974 sales : skr 22 . 59 billion ( us $ 3 . 51 billion ) ( 1998 ) naic : 336111 automobile manufacturing ; 421110 automobile and other motor vehicle wholesalers ; 421120 motor vehicle supplies and new part wholesalers ; 522291 consumer lending ; 532112 passenger cars leasing

bus . in 1924 scania - vabis decided to concentrate its efforts on the manufacture of larger trucks and buses , and in 1929 it discontinued automobile manufacture altogether . the company introduced its first

recently , national electric vehicle sweden ab ( nevs ) entered into a partnership with the dongfeng motor corporation to develop electric vehicles ( evs ) . now , the custodian of the saab automobile brand has announced its future plans , which [ … ]

“while the voluntary reorganization process will no doubt present us with a number of tough issues and decisions , i believe that saab automobile will emerge stronger from this process . the potential for saab automobile as a viable , independent premium car manufacturer is there , as shown by the rejuvenation of our product portfolio , approximately 11 , 000 orders and the conditional long - term funding already in place through the binding agreements with pang da and youngman that will give us access to the chinese market . ”

in 1938 , the saab factory was built in trollhattan sweden . at this time , they were not an automobile manufacturer . with world war ii on the horizon , the royal swedish air force was in need of aircraft . on september 1 , 1939 war broke out and saab built bombers and fighters .

1996 saab presents an active head restraint ( sahr , saab active head restraint ) that is in course of development and goes in production with the new saab 9 - 5 .

saab automobile production began in 1949 with 300 employees in the automobile division in trollhã¤ttan . the first car , the saab 92 , was a revolutionary motor vehicle . it was powered by a two - cylinder , two - cycle engine , fitted at a 90 degree angle into a body which — for that time — used quite extreme aerodynamic styling . as all aircraft engineers use wind tunnels like a mathmatician uses his slide rule , they arrived at the body configuration through tests in aircraft wind tunnels .

general motors corp . said monday that it will pump more money into saab automobile and could obtain full ownership of the struggling swedish auto maker within three years . gm and saab co - owner investor each will put $ 262 million in loans into saab through 1997 . in addition , gm will receive an option to buy some or all of sweden - based investor ' s 50 % stake in saab in 1999 or 2000 .

in 2012 , spyker filed a lawsuit against gm asking for us $ 3 billion in damages after gm had attempted to block the deals between spyker and chinese automaker youngman , who were investing in saab automobile . consequently , saab was forced to file bankruptcy in 2012 . spyker’s claim was dismissed in june 2013 .

charles pickett , a senior curator at the powerhouse museum , edited cars and culture : our driving passions , which explores the automobile in australian literature , music , painting , advertising and film .

the saab 96 was also available as a station wagon ( estate ) version , sold as the saab 95 ( not to be confused with the later saab 9 - 5 ) .

saab clarion knowledgebase —an overview of the factory mounted stereos in classic saab 900 ( my84 - 94 ) and saab 9000 ( my86 - 94 ) for the u . s . market

the american manufacturer general motors took 50 % ownership with an investment of $ 600 million , and then in 2000 exercised its option to acquire the remaining 50 % for a further $ 125 million ; so turning saab automobile into a wholly owned gm subsidiary .

" the aim of developing new electric cars based on saab ' s proven technology is innovative and forward - looking . it fits in well with the existing research and development in the swedish automobile industry , " enterprise minister annie loeoef said in a statement .

saab automobile is a dynamic company which always makes human beings the focus of attention . this applies to everything from the way we design our cars to how we take care of our staff and deal with our customers . it is one of the reasons why the saab will always be far more than an exclusive car . a saab will also be synonymous with a powerful personality .

" saab car museum saved : trollhattan municipality , the wallenberg foundation and saab ab shell out $ 4 . 15 million "

saab’s swedish parts division is a stand - alone company known as saab parts ab and holds and offers a large stock .

saab enthusiast , charles gould has recently written a rather detailed account of his “barn find” acquisition of a 1962 saab 96 .

urltoken —custom saab logo ( griffin , scania , or saab text ) carpetted floor mats . many colors to choose from .

the saab 9 - 5 was an executive car produced by the swedish automobile maker saab automobile . the first generation 9 - 5 was introduced in 1997 as the replacement to the saab 9000 for the 1998 model year . at the time , the car represented a great leap forward for saab . in the united states , the 9 - 5 was introduced in the spring of 1998 , for the 1999 model year . on september 15 , 2009 , the second generation was presented at the frankfurt motor show and production began in june 2010 . it was the first saab to be launched under spyker cars ' ownership , even though it was developed almost completely under gm ' s ownership . . . . more on wikipedia

a shuffling of investors and the creation of a swedish automobile n . v . company ( swan ) failed to stave off bankruptcy . chinese automotive groups such as pang da and youngman bid for saab’s remains and even made regular payments to saab to keep it alive throughout 2011 . with the european investment bank involved and the swedish government taking a back - seat role , saab lurched on .

you know saab make cars and you know some of the main players in our favourite little swedish carmaker . here’s some of the stuff you may not know . with thanks to djup strupe . —— saab automobile ab : short facts established as an independent company : january 1 , 1990 , following a joint venture agreement between saab - scania ab and general motors , announced december 15 , 1989 . as from january 28 , 2000 , saab automobile ab is wholly owned by gm . managing director : jan åke jonsson head office : trollhättan , sweden no . of employees : 4 , 108 ( december 31 , 2008 ) no . of cars retailed 2008 :

yesterday , at a saab viggen fb forum one of saab fans announced that he selling a very interesting and rare saab gadget . it is 1 : 18 scale radio controled 1993 saab 9 - 3 viggen , 27 or 40 mhz . produced by atc , marketed by brio through saab dealers ( saab part no 41229 ) and swedish supermarkets . the manufacturer of this interesting toy is

in 1989 , gm entered a bidding war and ultimately purchased a 50 percent stake in what would become saab automobile ab , in december of that year . eleven years later , much to the chagrin of shareholders and industry analysts , gm bought the remaining stake for $ 125 million , while assuming the rest of saab’s hefty debt .

gm sold the technology rights of the pre - 2003 saab 9 - 3 and current 9 - 5 to baic in december 2009 . but spyker has bought access to all the existing ip rights , trademarks , facilities and other infrastructures of saab automobile – including the new 9 - 5 , which has now started production in trollhattan .

“find your own road” explicitly expresses saab’s approach to designing cars , and also serves as a battle cry for many saab enthusiasts .

with fortunes fading everywhere , general motors said in december 2008 that it might sell or shutter the saab brand and in 2010 sold it to the dutch automobile manufacturer spyker cars nv . after struggling financially through 2011 , the company petitioned for bankruptcy after a chinese consortium failed to complete a purchase blocked by the former owner in opposition to a transfer of technology and production rights under the proposed purchase . in june 2012 , a newly - formed company , national electric vehicle sweden , announced that it had bought all saab automobile rights and assets .

the proposed voluntary reorganization will be a self - managed , legal process under swedish law headed by an independent administrator appointed by the court who will work closely with the saab automobile management team . as part of the process , saab automobile has formulated a reorganization plan , which includes a number of aspects aimed at lowering its cost - base and creating a viable , competitive and independent organization . this reorganization plan will be presented to creditors in more detail within three weeks of the filing , although this period could be extended by the court .

saab automobile ab is a swedish maker of passenger automobiles in the premium sector of the market . the company makes two lines of cars : the 9 - 3 , which comes in two - door , five - door hatchback , and convertible models ; and the 9 - 5 , which includes luxury sedan and station wagon models . considered a small automaker in the globalized auto industry of the late 20th century , saab produces about 125 , 000 cars each year , with most built at its factory in trollhätten , sweden , where the company is also headquartered . the largest markets for saab automobiles are the united states , western europe , australia , japan , canada , and taiwan . saab began as an aircraft manufacturer , then launched automotive production in 1949 . its automobile operations became a division of saab - scania ab following the 1969 merger of saab ab and scania - vabis ab , a maker of trucks , buses , and diesel engines . saab automobile ab was officially formed in 1990 when general motors corporation purchased 50 percent of saab - scania ' s passenger car business . the following year investor ab gained the other 50 percent interest following investor ' s leveraged buyout of saab - scania .


magnum semiconductor inc. is a video compression technology company .

the headquarters of the company is in milpitas , california .

the company has an engineering branch at waterloo , ontario , canada .

magnum semiconductor was formed in 2003 as a spinout of the cirrus logic video division which developed mpeg video recording and enabled consumer dvd recorders .

investors included august capital , and investcorp technology partners .

in may 2007 , a second round of $ 27 million in funding was announced , led by investor growth capital , with new investors wk technology fund , ktb ventures , and gold hill capital .

magnum acquired the consumer products division of lsi corporation in june 2007 , including domino and zevio video compression technology .

the lsi division had started with the acquisition of c-cube microsystems , the first company to offer real time mpeg1 and mpeg2 compression .

the company 's products target both professional and consumer markets .

magnum offers hardware , software , reference platforms , and engineering support for digital video recording , playback and management of audio/video content .

the magnum platforms also enable sharing entertainment via optical disc , flash disk and home networking .

magnum 's consumer products are found in video recorder products of consumer electronic manufacturers .

in february 2008 gopal solanki , from nvidia , took over as the chief executive from jack guedj .

a $ 12 million from nxt capital venture finance was announced in october 2012 .

in april 2016 , magnum was acquired by gigoptix , with the combined company rebranded as gigpeak .

gigpeak was based in san jose , california , and listed on the new york stock exchange with symbol gig .

magnum semiconductor

magnum semiconductor <EOT> glassdoor has 22 magnum semiconductor reviews submitted anonymously by magnum semiconductor employees . read employee reviews and ratings on glassdoor to decide if magnum semiconductor is right for you .

gigoptix , which provides semiconductor and optical components , acquired chip and software provider magnum semiconductor on monday .

magnum semiconductor mark singer , 408 - 945 - 3806 mark . singer @ urltoken

jose suarez , managing director of investor growth capital , has joined the board of directors of magnum semiconductor . suarez noted ,

magnum semiconductor is a premier provider of chips , software , reference platforms and engineering support services for recording , viewing and managing high - quality audio / video content . magnum semiconductor is headquartered in milpitas , calif . with sales and engineering offices in korea , taiwan , japan and china . further information is available at urltoken .

magnum semiconductor provides solutions combining systems - on - chips ( socs ) and software to control dvd recorders . investcorp created magnum for the purposes of acquiring cirrus logic ' s dvd recorder chip assets . the spin - out allows cirrus logic to focus on its core mixed signal business and magnum to leverage its market leadership as an independent pure - play . in addition to dvd recorder chips , magnum semiconductor also provides sophisticated software that controls recorder functions , administers digital rights management protection and operates the user interface .

magnum semiconductor is a leading provider of silicon ics , socs , software and ip for the professional video broadcast and iot camera markets . magnum provides top of the line products , tools and technologies for the entire video content creation and distribution chain , from contribution and production through distribution over cable , satellite and iptv to ott video streaming . magnum semiconductor is headquartered in milpitas , california , with sales and engineering offices in canada , china , and korea .

) - - magnum semiconductor today announced that the company has closed a round of venture funding totaling $ 27 million . the financing round was led by investor growth capital , and included new investments from wk technology fund , ktb ventures , and gold hill capital , as well as further participation from magnum

gopal solanki , chief executive officer and president of magnum semiconductor stated , “the combination of gigoptix’s leading edge wired and wireless high - speed communication technology , combined with magnum’s professional quality video compression and soc hardware and software expertise creates a unique and powerful platform for streaming video . the magnum team is excited to join forces to develop solutions for a future where video presence is pervasive and widely deployed at both the consumer and commercial premises . ”

magnum semiconductor , which generated approximately $ 19 million in revenue in fy 2015 , based on unaudited results , brings a well - developed and comprehensive portfolio of video broadcasting and compression solutions to gigoptix , including silicon ics , socs , software solutions , and a comprehensive library of ip .

“with the addition of magnum semiconductor , we have taken a meaningful step in expanding our product portfolio to further enhance our mission of enabling high - speed and high - quality information streaming end - to - end over the network , from the core to the consumer , ” katz said in a press release .

s participation in the current round of financing comes in addition to debt financing which had been extended to magnum over the course of the last year .

the corporate rebranding reflects the broadening scope and capabilities of the company , which unites gigoptix’s leading high - speed enterprise networking connectivity portfolio with magnum’s world - class expertise in video broadcasting , compression , and analytics to create a lead innovator of semiconductor ics and software solutions for high - speed connectivity and high - quality video compression over the network and the cloud .

andy rappaport , partner emeritus at august capital , magnum’s largest shareholder , said , “magnum’s team has done an extraordinary job creating proven , industry leading video compression and analytics technology serving some of the most demanding customers in the world . by combining magnum’s hardware and software experience and high - margin product portfolio with the complementary product , technology and market leadership , and solid balance sheet of gigoptix , gigpeak is well positioned to sustain both companies’ strong positions with their current customers and accelerate growth by developing new solutions for large emerging markets . ”

wk technology fund is a full spectrum cross - pacific venture capital firm specializing in investments in innovative component , systems , software , and service companies in the communications , semiconductor , it and internet , and media sectors .

“we have a long and proven track record of acquiring and integrating cutting edge technology companies in the most financially prudent manner . the acquisition of magnum semiconductor , our eighth acquisition since inception , is another important step in realizing our initial 2007 roadmap vision and strategic plan to expand gigoptix through inorganic and organic growth . with the addition of magnum semiconductor , we have taken a meaningful step in expanding our product portfolio to further enhance our mission of enabling high - speed and high - quality information streaming end - to - end over the network , from the core to the consumer , ” said dr . avi katz , gigoptix’s founder , chairman of the board of directors and chief executive officer . “we look forward to supporting magnum’s continuing efforts as part of the newly rebranded gigpeak family to drive innovation through their proven and market accepted software - based solutions to deliver best - in - class video and data to the world’s leading broadcasting and iot camera oems and customers . the exponential growth in video traffic will further expand the demand for gigoptix’s and magnum’s solutions in real - time high - speed and high - quality information streaming , video compression in the cable , satellite , telco / iptv and mobile / over the top ( ott ) markets . the increasing need for powerful video analytics capabilities has also been driving significant interest in magnum’s solutions in the iot camera markets by major oems . we are impressed by magnum’s technology , customers , growth profile , and the technical depth and experience of its engineering team . we are very excited by the many opportunities this combination offers that will enable us to expand our focus from the enterprise networking and cloud connectivity to broadcasting head - ends , iot , and consumer markets . i also want to personally offer a warm welcome to the entire magnum team that is joining our family today . ”

milpitas - based magnum provides silicon integrated circuits , systems on chips , software and intellectual property for the professional video broadcast and internet of things camera markets . the company had raised more than $ 70 million in funding from backers including august capital and investor growth capital and generated approximately $ 19 million in revenue in 2015 . the entire magnum team will join the new company as part of the acquisition .

magnum sales are growing rapidly in japan , korea , europe and china . we now have greater financial strength , allowing us to accelerate our r & d efforts in high - definition products , and to fund expanding operations in support of our revenue ramp .

) , a leading supplier of advanced semiconductor communications components for use in cloud connectivity , data centers , and high - speed optical and wireless networks , today announced the signing of a definitive agreement to acquire magnum semiconductor , inc . , a privately - held milpitas , california - based provider of silicon ics , socs , software , and ip for the professional video broadcast and iot camera markets , in a cash and stock transaction valued at approximately $ 55 million net based upon the average closing price of gigoptix stock for the trailing thirty day period ended april 1 , 2016 . the acquisition is expected to become effective tomorrow , tuesday , april 5 , 2016 , and upon the close , gigoptix , inc . will be renamed gigpeak , inc . , beginning to operate under that name as of wednesday , april 6 , 2016 . the company will continue to trade on the nyse mkt exchange under the symbol “gig . ”

at investor growth capital we look for companies with experienced management , as well as a strong customer base and product offering , which require additional capital to support revenue growth . with an increasing number of design wins among marquee consumer electronics oem customers , magnum fits these requirements .

this press release contains forward - looking statements within the meaning of section 27a of the securities act of 1933 , as amended , and section 21e of the securities exchange act of 1934 , as amended . such statements contain words such as " believe , " " will , " and " expect , " or the negative thereof or comparable terminology , and include ( without limitation ) statements regarding the acquisition of magnum semiconductor and its closing , projected plans for gigpeak after the acquisition , including an expanded product portfolio , new product development and introduction , product sales growth and projected revenues , other financial impacts of the acquisition , the entry into an expanded credit facility with silicon valley bank and the new name , gigpeak , inc . forward - looking statements involve certain risks and uncertainties , and actual results may differ materially from those discussed in any such statement . these risks include , but are not limited to : the ability of the parties to satisfy the conditions for closing the acquisition and the entry into and funding of the loan by silicon valley bank , the ability to integrate the two companies , including retention of key personnel of magnum semiconductor and maintaining sales to existing magnum semiconductor customers , the ability to successfully rebrand the company , the ability to extend product offerings into new areas or products , the ability to commercialize technology , unexpected occurrences that deter the full documentation and " bring to market " plan for products , trends and fluctuations in the industry , changes in demand and purchasing volume of customers , unpredictability of suppliers , the ability to attract and retain qualified personnel , the ability to move product sales to production levels , the ability to compete for client design - in opportunities , the ability to cross - sell to new clients and to diversify and the success of product sales in new markets or of recently produced product offerings , including bundled product solutions . additional factors that could cause actual results to differ are discussed under the heading " risk factors " and in other sections of the gigoptix filings with the sec , and in its other current and periodic reports filed or furnished from time to time with the sec . all forward - looking statements in this press release are made as of the date hereof , based on information available to gigoptix as of the date hereof , and gigoptix assumes no obligation to update any forward - looking statement .

non - gaap earnings per diluted share to be in a range of $ 0 . 22 to $ 0 . 24 , up from $ 0 . 19 in fy 2015 . the projected increase in fy 2016 earnings per diluted share accretion is in spite of an approximately 20 % increase in share count through the acquisition of magnum and the recently announced direct investment by pdsti

gigoptix , inc . ( nyse mkt : gig ) is a lead designer , developer , and global supplier of a broad range of analog , digital , and mixed signal components to enable high - speed information streaming over the telecom networks , datacom infrastructure , and consumer electronics links . our ability to innovate and create differentiated products is based on deployment of various semiconductor technologies that span from iii - v compounds to sige bicmos and cmos - based device designs .

gigoptix is executing this acquisition via a combination of stock and cash , issuing approximately 7 . 1 million shares and paying an additional approximately $ 35 . 8 million in net cash , a significant portion of which will be used to repay magnum’s outstanding debt and other liabilities . the amounts to be paid are subject to customary adjustments . gigoptix expects to fund the purchase price of the acquisition from a combination of cash on hand and incurrence of additional indebtedness through a $ 15 million term loan provided by silicon valley bank .

the active participation of our first - round investors has helped us to build and expand our business . we now look forward to the added contributions of our new venture investors . we see the participation of these international investors as an endorsement of the strength and global nature of our business .

s may , 2007 round of financing . new investors are described first , followed by the company

s two initial investors , who have both also participated in the current round .

investor growth capital is the wholly owned venture capital arm of investor ab ( investor ) , the largest publicly listed industrial holding company in the nordic region . investor was founded in 1916 , and is traded on the stockholm exchange .

since its formation in the mid - 1990s , investor growth capital has invested in high - quality , growth - oriented companies , primarily in the information technology and healthcare industries , in north america , northern europe , japan and china .

investor growth capital was the lead investor in the current financing , investing 50 % of the total in the round .

ktb ventures is the united states operation of ktbnetwork , the largest private equity firm headquartered in korea . since the company was established in 1981 ktb has invested in over 400 companies worldwide , including over 40 companies in the u . s . since 1994 .

wk technology fund was founded in 1989 in taipei , taiwan , on the principle of providing strong support to its portfolio companies . wk technology currently has $ 500m in evergreen funds under management , and has invested in over 240 companies .

gold hill is a leading provider of growth capital financing for venture - backed technology and life science companies . gold hill enables companies to optimize their finances , using debt and equity to leverage their venture capital and fund their growth .

founded in 1995 , august capital is a leading venture capital firm that invests in innovative technology companies . august capital focuses on helping outstanding entrepreneurs build large sustainable companies . august capital has $ 1 . 3 billion under management , and has invested in more than 60 companies including atheros , cobalt networks , iridigm , seagate , shopping . com , silicon image , and tickle .

recent investments ranged from $ 500 , 000 to $ 130 million in information technology businesses from semiconductors to ecommerce . the firm ' s partners have previously invested in a number of groundbreaking technology companies , including actel , adaptec , cirrus logic , compaq , grand junction , intuit , linear technology , microsoft , mmc networks , sun microsystems , sybase , symantec , and visio . august capital is located in menlo park , california .

investcorp technology partners is a leading investor in small and medium - sized technology businesses in north america and europe . the itp team focuses on growth capital , buyout , corporate carve - out and take - private transactions , generally investing between $ 15 million and $ 40 million of equity . investcorp technology partners is part of investcorp , a leading provider and manager of alternative investment products with over $ 10 billion in invested assets under management .

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the deal is valued at approximately $ 55 million and the combined company will rebrand as gigpeak inc .

san jose - based gigoptix is issuing about 7 . 1 million shares and paying an additional $ 35 . 8 million in net cash . gigoptix will fund part of the purchase price by incurring additional indebtedness through a $ 15 million term loan provided by silicon valley bank . the company will continue to trade on the nyse under the symbol “gig . ”

gigoptix ceo avi katz founded the san jose - based company in 2001 to become a global supplier of a broad range of analog , digital and mixed signal components to enable high - speed information streaming over the telecom networks , datacom infrastructure and consumer electronics links .

with the acquisition , gigpeak hopes to see 2016 revenue hit between $ 60 million to $ 62 million , up approximately 50 percent from gigoptix ' s $ 40 . 4 million in revenue in 2015 . the company will also expand its product portfolio and expand current gigoptix markets from $ 1 billion to nearly $ 5 billion by adding the broadcasting , iot and consumer markets .

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none i can think of . the company is on life support . there is no upside .

the ceo micro - managed the company into the ground and has no vision . he came on board in around 2008 , inheriting revenues of around $ 80m , number of staff of around 250 and 4 office locations . in 2015 revenue had dropped to around $ 15m with sub $ 5m outlook for 2016 , staff was reduced to about 50 and number of locations to 2 . key staff left out of frustration with him and customers got equally disillusioned with him . he ' s now trying to re - invent the company for the 3rd time ( dvd recorder chips to broadcast chips to ip camera chips ) , but the company has to raise funding in a tough climate with a ceo that has no credibility left and is trying to build a chip for a market it cannot compete in .

it ' s too late to turn the ship around . the only viable option is to sell off the company .

" a year of changes . there was a new president and human resource manager brought in and a company acquired . "

easy commute from fremont . given latitude ( time and space ) to do my work

" over all , it is a good place to work , with regarding to people and technology . "

you can learn a lot about video compression from algorithm team , if you are lucky enough to work with them .

company ' s directions kept changing which created all kinds of issues , especially time and money .

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revenue in the range of $ 60 million to $ 62 million , up approximately 50 % from $ 40 . 4 million in fy 2015

“we have researched the market for a long time to identify the best - in - class video broadcasting , compression and analytics technology company that will allow us to complement our leading edge high - speed connectivity product portfolio for the telecom and datacom enterprise networking . this combination of products and technologies enable us to address both the speed of data transmission and the amount of bandwidth the data consumes within a network , driven in particular by video , which is a major source of data center traffic . we are poised to provide powerful solutions to enhance the footprint utilization and reduce total cost of ownership of existing network pipes from the core to the end user . gigpeak’s broad portfolio of cutting - edge products will serve the enterprise networking and broadcasting oems , as well as the iot and consumer markets , ” said dr . raluca dinu , gigoptix’s executive vice president of global customer operations .

matthew wright , managing director at silicon valley bank , added , “this is an exciting time for gigoptix . we ' re delighted to partner with the company to provide debt funding for this transaction , enabling the team to accelerate growth going forward , expand their addressable market and add compelling talent and technology . ”

conference call today , april 4 , 2016 , at 2 : 00 p . m . et

gigoptix will host a conference call today , april 4 , 2016 , at 2 : 00 p . m . et / 11 : 00 a . m . pt to discuss this agreement . to access the conference call , please dial ( 719 ) 325 - 2495 . no passcode is needed . a live webcast and accompanying presentation of the conference call will be available in the investors section of gigoptix’s website at urltoken . a slide presentation to be used on the conference call will be posted to the investor relations page of gigoptix’s website . the replay dial - in number is ( 858 ) 384 - 5517 , and the passcode is 7814276 .

further details of the transaction and arrangement are set out in gigoptix’s current report on form 8 - k filed with the securities and exchange commission on april 4 , 2016 .

gigpeak’s founder , chairman of the board of directors and chief executive officer , dr . avi katz , joined by gigpeak’s executives and the company’s 2015 hall - of - fame nominated employees , will ring the nyse opening bell® on wednesday , april 6 , 2016 . a live stream of the opening bell® can be viewed at urltoken .

gigoptix’s product portfolio provides high - speed and low - power solutions in markets such as fiber - optics telecom , wireless backhaul , datacom and consumer electronics , mil - aero , instrumentation , and medical equipment , for applications such as linecards and transponders , active optical cables and pluggables , point - to - point wireless radios , military warfare , avionics electronics , gps systems , and diverse medical equipment , such as ultrasound imaging , x - ray , mri , ct scan , and defibrillators .

for more than 30 years , silicon valley bank ( svb ) has helped innovative companies and their investors move bold ideas forward , fast . svb provides targeted financial services and expertise through its offices in innovation centers around the world . with commercial , international and private banking services , svb helps address the unique needs of innovators . learn more at urltoken .

gigoptix , inc . dr . raluca dinu , 408 - 522 - 3117 evp global customer operations rdinu @ urltoken or investor relations darrow associates , inc . jim fanucchi , 408 - 404 - 5400 ir @ urltoken

our corporate investment business has over 30 years of investing in mid - market companies across north america , europe and the mena region . with more than $ 36 billion in transaction value , our past and present portfolios include more than 150 investments across a range a sectors , including retail and consumer products , technology , business services and industrials .

our real estate team focuses on mid - market core and core - plus investment opportunities throughout the us . our real estate portfolio ranges across existing office , retail , industrial , multifamily and hospitality properties located primarily in the main 30 us metropolitan areas . our annual transaction volume is approximately $ 1 billion per year .

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