Comrod Communication AS has acquired Jerol Industri AB, a Swedish manufacturer of composite utility poles supplied to the power distribution and transport sectors. The acquisition will strengthen Comrod’s position in the utility pole sector and will form one of the largest composite pole manufacturers in Europe.
Alpha Corporate Finance has acted as financial advisor to Comrod Communication in the transaction.
About Comrod: Comrod Communication Group is an international company with development, production, sales & marketing to the defense communication and civil markets. A recent addition to the Group is Comrod Utility Systems which develops, produces and sells composite masts to the utility sector. The Group's headquarter is located in Stavanger (Norway), but Comrod also has activities in Sweden, France and USA.
About Jerol: Jerol Industri AB was founded in 1999 and today has an extensive product portfolio of composite poles for the utility industry and with crash safe poles for the road and traffic market. Jerol installed the first composite utility poles in the north of Sweden in 2009 and has a leading market position for composite electrical distribution poles in the Nordic market today. The company is located in Tierp, just north of Stockholm (Sweden).