There has been a lot of talk about the understanding we have that NEVS’s bid for Saab does not include a bid for Saab Parts AB. People have taken that to mean that NEVS don’t want to support, or don’t care for, current Saab owners. But is that actually the case?
Whilst I agree with many others out there that a package deal where the buyer of Saab Automobile also buys Saab Parts would be the ideal scenario, there’s nothing to state that they have to be bought together in order to constitute a credible deal.
Credit where credit’s due: This line of thought actually came to me via email from a friend of mine. This is not a piece of Djup Strupery to get excited about. It’s just a thought, but one that’s worth pursuing before we all go jumping the gun.
Bernard has just had a similar thought in comments:
To be fair, they do not “want” Saab Parts at the current offer price, which is reportedly higher than the rest of Saab combined.
The NDO is effectively committed to running Saab Parts in the medium term, so this may be a good business decision.
They can always make an offer on the parts business at a later date.
As Bernard suggests, it could be that they think Saab Parts AB is overvalued. Alternatively, maybe they’d like to purchase Saab Parts, but their business case right now simply can’t fund the acquisition. They know that if a buyer is not found, then the NDO will run the operation for some time and as Bernard suggests, they can pick up this branch of the business’ operation later on.
This is all just theorising, of course, but if there’s something to be learned here, it’s that there’s more than one way to skin a cat. NEVS’s decision not to acquire Saab parts could well be an abandonment of the Saab faithful as some have suggested. It could also be evidence that they know what they’re on about, much more than we think.
Until we know, perhaps it’s best to keep an open mind.