Announced
Financials
Sources
Tags
Majority
Machinery: Industrial
Pending
Norway
Acquisition
Single Bidder
mechanical services
robotization
Private
Friendly
Synopsis
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.
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