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PRESS RELEASE
Malmö, February 3rd, 2009
Naval Electronics has been acquired by Thrane & Thrane
Thrane & Thrane has signed an agreement to acquire
Naval Electronics AB (‘Naval’). The acquisition is consistent with the
company’s strategy to introduce new maritime products that will expand
its product portfolio, strengthen the market position and enhance
growth.
The acquisition means that Thrane & Thrane gains access
to a new product area as Naval offers professional equipment for TV
reception and distribution onboard vessels. The product line includes
newly developed tracking satellite antennas, so called TV-RO (‘TV
Receive Only’), targeting commercial vessels. All products complement
Thrane & Thrane’s existing portfolio which currently does not include
TV systems.
In addition to Naval’s existing distribution, Thrane &
Thrane intends to market the new products through its global
distributor network, thereby generating opportunities for further
growth. The company thus expects additional revenue of around DKK 30
million in the 2009/10 financial year with revenue rising in the
subsequent years.
Thrane & Thrane and Naval will use the coming months to
draw up a plan for integration and further development of the
activities.
Founded in 1971, Naval Electronics AB has spearheaded
the development of maritime TV antennas and distribution solutions by
continuously developing products for use in connection with different
TV systems globally. Naval is based in Malmoe, Sweden and is owned by
Lars Risberg, its managing director and founder.
Operations at Naval will continue as before and for
ordering Naval products please contact, Naval at
sales@naval.se
or by fax at +46 40 187 413. As the plan for integration and further
development is being formalised you will be informed in ample time of
any changes in our operation.
For further information, please contact:
Lars Risberg
Tel. +46 40 292 045
E-mail: lr@naval.se
About
Thrane & Thrane
Thrane & Thrane is the world’s leading manufacturer of
equipment and systems for global mobile communication
based on sophisticated satellite and radio technology. Since its
incorporation in 1981, the company has
established a strong position within global mobile communication
solutions based on the Inmarsat system, and
today Thrane & Thrane provides equipment for maritime, land-based and
aeronautical use. The company’
communication products are sold throughout the world under the brands
Thrane & Thrane, EXPLORER® and
SAILOR® through distributors and partners. Thrane & Thrane is listed
on OMX The Nordic Exchange in
Copenhagen (THRAN).
www.thrane.com.
About Naval Electronics AB
Ever since 1971, the objective of Naval Electronics has
been to offer the best possible products for TV and Radio reception at
sea. Naval Electronics began with omnidirectional antennas and is the
world leader in this field of technology today. Now, with an expanding
product range, the name Naval Electronics means much more than
antennas. Naval Electronics operates in more than 40 countries and
have installations on thousands of vessels all over the world.
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