Announced

Aars completed a majority investment in Northcom.

Synopsis

Aars, an investment company, completed a majority investment in Northcom, A supplier of mission- critical communications products and services. Financial terms were not disclosed. "We are experiencing significant growth and take pride in what we have built, but we believe it is the right time to bring onboard a partner to support the company through the next phase. With Aars, we have found a professional co-owner and a reliable Nordic partner, who will contribute to drive the company’s future development. They share our strong commitment to quality, customers and employees. Moreover, they are a family-owned company with values that resonate well with ours. I am excited to embark on the next chapter of Northcom alongside Aars," Morten Stomperud, Northcom CEO.

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