Comrod to acquire a 75% stake in Sorskar Mekaniske Verksted.

Comrod, an international manufacturer of antennas, control systems, masts and power supplies for the defense and commercial markets, agreed to acquire a 75% stake in Sorskar Mekaniske Verksted, a supplier of mechanical services including robotization. Financial terms were not disclosed. "Acquiring a highly efficient mechanical workshop as part of the company provides opportunities to both expand the Comrod product range, and to streamline production processes. This is an important strategic acquisition for Comrod," Ole Gunnar Fjelde, Comrod CEO.