The transaction will contribute to strengthen Comrod’s tactical mast offering to the global civil and defense markets. The company was acquired from Schneider Electric.
Comrod is a Norwegian company that develops and manufactures tactical masts, antennas and antenna systems, power supply, battery chargers and commercial products with a main focus on the defense market. The company is listed on the Oslo Stock Exchange (Ticker: COMROD). Comrod is headquartered in Tau outside Stavanger in south-western Norway. The company has approximately 220 employees and had operating revenues of NOK 331 million in 2010.
Wibe TM is an international niche telescopic mast manufacturer, and is leading in the engineering, development, and production of electromechanical and handcranked telescopic mast systems. The company has been producing masts for military, civil, and commercial applications for more than 60 years, and has customers worldwide. Wibe TM is located in Mora, Sweden.