Nera Asa News

Rolls-Royce has appointed John Knudsen as President - Offshore, in its Marine business. Knudsen will transition into his new role through January 2014. Mr. Knudsen is currently President of Bergen Engines AS. He has had a key role in transforming Bergen Engines during the divestment from Rolls-Royce Marine and integrating it into the Tognum Group. Tognum AG is a joint venture of Rolls-Royce and Daimler. John Knudsen joined Rolls-Royce in 2007 and has previously held senior positions in the Norwegian telecom equipment supplier Nera ASA.

Nera ASA has been informed that Thrane & Thrane will not close the agreement relating to the sale of the Nera SatCom AS. Based on this, Nera has considered taking legal action. Nera CEO Bjorn Ove Skjeie said: “Nera’s percetion is that this is regarded as a clear breach of agreement. Skjeie regrets that the planned merger will not be carried through, as this would have been a good industrial solution. Nera SatCom will now continue as a wholly owned Nera Group company.

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.