Due Diligence Completed for the integration of Thrane & Thrane and Nera
Due diligence completed for the integration of Thrane & Thrane A/S and Nera ASA satellite activities and revised forecast for the current financial yearOn Monday, August 20, 2001 Thrane & Thrane A/S announced that it had signed an agreement with Nera ASA to acquire the shares in Nera’s wholly-owned subsidiaries Nera SatCom AS and Nera WBA Satellite AS. Since that announcement, Thrane & Thrane and Nera have worked on completing the integration of the two companies’ satellite activities. The companies’ efforts focused on conducting the due diligence process, which has now been completed to the satisfaction of both parties.After completing the due diligence process, the parties have agreed to change the contents of the agreement, and Thrane & Thrane and Nera therefore signed an agreement.
Neratek AS Changes Name to Marlink AS
Neratek AS changed its company name to Marlink AS, in a move that signals its continued integration of worldwide business operations into Marlink. Neratek was acquired by Marlink's parent company, Telenor Satellite Services, earlier this year. Søren Einshøj will serve as the Managing Director of Marlink AS as part of his duties as Managing Director for the Marlink Group. Former Neratek founder and General Manager Carsten Hansen will continue with the new Marlink AS, serving customers throughout the Nordic region. Also, former Neratek Marketing Manager Tom Strandberg has assumed additional new duties with the Marlink Group as Sales Director for the United Kingdom and Nordic Region.
