Thrane & Thrane is the world’s leading manufacturer of terminals and land earth stations for global mobile satellite and radio communication. Since its incorporation in 1981, the company has established a strong position within global mobile satellite services based on the Inmarsat system, and today it provides equipment for land-based, maritime and aeronautical use. The company’s communication products are sold throughout the world under the brands Thrane & Thrane and SAILOR through distributors and partners and as OEM products. The company is listed on the NASDAQ OMX Copenhagen Stock Exchange. Nera SatCom is a leading global supplier of terminals and land earth stations for the Inmarsat mobile satellite communication system offering a broad range of products for the maritime, land mobile and land earth station markets. Based in Billingstad in Norway, Nera SatCom sells its terminals through a global network of some 100 distributors, including among others ESL, which is a wholly owned subsidiary of Nera SatCom. ESL offers in addition to Nera SatCom products a wide range of value adding satellite solutions, airtime offerings, maritime radios and services to the European market. ESL is based in Hamburg in Germany. In the 2005 calendar year, Nera SatCom and ESL realised pro-forma consolidated revenue of approximately DKK 480 million and operating profit of DKK 27 million before restructuring costs of DKK 13 million.
Thrane & Thrane and Nera SatCom have for many years been the two leading manufacturers of mobile satellite equipment for the Inmarsat system. The combination of the companies establishes Thrane & Thrane as the world-leading manufacturer of equipment for the Inmarsat satellite system and is expected to result in significant synergies within product development, operations, sales & marketing and administration. This will also provide Thrane & Thrane with an even stronger foundation for expanding the business into other closely related business areas within global mobile communication solutions. With consolidated 2005 pro-forma revenue of around DKK 1,350 million Thrane & Thrane has taken a large step towards the ambition of achieving revenue of DKK 2 billion in 2010/11.
