Capital fund Deltaq acquires telecom component specialist Combilent  

2009.04.28
The OMX-listed Danish capital fund Deltaq has acquired the telecommunications component provider Combilent, which specialises in TETRA networks
The OMX-listed Danish capital fund Deltaq has acquired the telecommunications component provider Combilent, reports financial daily newspaper Børsen. Effective from the end of this month, Deltaq is acquiring 74% of the shares in Combilent Group for DKK 68m (USD 11.8m), equating to a price for the entire concern of DKK 92m (USD 16m).
 
Combilent specialises in the development and manufacturing of components for TETRA (Terrestrial Trunked Radio) networks, which are used in more than 100 countries by public emergency services and industries which have critical needs for the security and reliability of wireless communication solutions.
 
Deltaq writes in a news release on its website that TETRA networks have experienced strong growth in recent years, and that the industry expects the global market to grow by more than 75% over the next three years.
 
Combilent co-founder Claus Dall-Hansen, who continues on the management board, says in the news release: "Combilent holds great potential: our products are unique and our technology is leading-edge – both of which are indispensable features in establishing and operating TETRA networks."
 
The new CEO of Combilent from 1 May 2009 will be Ole Niss, who previously held a position as vice president and CEO with Motorola.
 
Link > Deltaq                       
 
Link > Combilent                    

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