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Also in 1995 Saab Military Aircraft and [[British Aerospace]] (now [[BAE Systems]]) formed the joint venture company Saab-BAe Gripen AB, to manufacture, market and support Gripen internationally. This co-operation was extended in 2001 with the formation of Gripen International for the same purpose.<ref>{{Citation | publisher = Swedecar | url = http://www.swedecar.com/saab_history.htm | title = History of Saab | access-date = 8 July 2008 | archive-date = 15 June 2018 | archive-url = https://web.archive.org/web/20180615053650/http://www.swedecar.com/saab_history.htm | url-status = dead }}.</ref> From 1998 until 2005, British Aerospace/BAE was the largest shareholder in Saab following its acquisition of a 35% stake from [[Investor AB]]. In January 2005, BAE Systems reduced its shareholding to 20%. Investor AB maintained a 20% share.
On 16 November 1999, Saab announced its intention is to purchase Celsius AB and the acquisition was concluded by early March 2000.<ref>{{Citation| publisher = Saab| url = http://www.saabgroup.com/en/About-Saab/Newsroom/Press-releases--News/2000---1/Saab-has-acquired-further-shares-in-Celsius/| title = Saab has acquired further shares in Celsius| url-status=dead| archive-url = https://web.archive.org/web/20150217120515/http://www.saabgroup.com/en/About-Saab/Newsroom/Press-releases--News/2000---1/Saab-has-acquired-further-shares-in-Celsius/| archive-date = 17 February 2015}}.</ref>
In September 2000 [[United Defense|United Defense Industries]] (UDI) purchased Bofors Weapon Systems from Saab (the [[autocannon]] and tube [[artillery]] interests), while Saab retained the [[missile]] interests.
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