Thrane & Thrane has just signed an agreement to acquire Naval Electronics AB (‘Naval'). This acquisition is consistent with the company's strategy to introduce new maritime products.

Thrane & Thrane will now gain access to a new product area, as Naval offers professional equipment for TV reception and distribution onboard vessels. The product line includes newly developed tracking satellite antennas, so-called TV-RO (‘TV Receive Only'), targeting commercial vessels. All products complement Thrane & Thrane's existing portfolio which currently does not include TV systems. In addition to Naval's existing distribution, Thrane & Thrane intends to market the new products through its global distributor network, thereby generating opportunities for further growth. The company thus expects additional revenue of around DKK 30 million in the 2009/10 financial year with revenue rising in the subsequent years. Thrane & Thrane and Naval will use the coming months to draw up a plan for integration and further development of the activities.