Bridgepoint to acquire a majority stake in Comrod.

Bridgepoint, a pan-European private equity investor, agreed to acquire a majority stake in Comrod, a Norwegian provider of advanced tactical communications and power solutions for the defence industry, as well as specialist utility and infrastructure systems. Financial terms were not disclosed. “We are excited to partner with the Bridgepoint team. The investment from Bridgepoint represents an important milestone in our journey to strengthen our position as a leading provider of tactical communication systems for the defence sector and specialist utility solutions. In Bridgepoint, we have found a partner that shares our values and can support us in realising our next phase of growth,” Ole-Gunnar Fjelde, Comrod CEO.