Partner Article

Cobham completes Thrane & Thrane acquisition

Cobham PLC has announced the successful acquisition of Thrane & Thrane, the Danish radio and satellite communications firm.

Following the deal, the Wimborne businesses now intends to delist Thrane & Thrane shares from the NASDAQ OMX Copenhagen, with a view to completing the delisting by the end of July.

Cobham also announced as part of its Offer that management responsibility for its marine SATCOM business would transfer to the Thrane & Thrane management team in Denmark, once 100% ownership of the company had been achieved.

Management of Cobham’s land and airborne SATCOM business will also be transferred to Thrane & Thrane’s management team by the end of 2012, creating a new Strategic Business Unit reporting to Richard Tyson, President of Cobham’s Aerospace and Security Division.

This was posted in Bdaily's Members' News section by Tom Keighley .