Thrane & Thrane Acquires EuroCom Industries
EMG EuroMarine Electronics GmbH sold its 88.6-percent stake in ECI EuroCom Industries A/S, Ålborg, Denmark to Denmark’s Thrane & Thrane A/S for approximately EUR 14 million. EuroCom Industries is among the leading suppliers of marine telecommunication electronics. With its workforce of 225, it generated in 2003 sales of EUR 47.5 million and, after the successful turnaround in 2003, an EBIT of EUR 4.6 million. By acquiring the majority stake in EuroCom Industries, Thrane & Thrane rounds off its portfolio of maritime communication products.