Acquisition of Nera SatCom by Thrane & Thrane completed

(October 10th, 2006) Thrane & Thrane closed the acquisition of Nera’s mobile satellite communication activities earlier today.

On August 2, 2006, Thrane & Thrane signed an agreement with Nera ASA to acquire Nera’s mobile satellite communication activities comprising the Norwegian company Nera SatCom AS and the German company European Satellite Link GmbH. See Announcement No. 11 – 2006/07.

Nera’s corporate assembly approved the acquisition on August 10, 2006, and Thrane & Thrane has subsequently received the necessary approvals from the European competition authorities. Accordingly, Thrane & Thrane closed the acquisition of Nera’s mobile satellite communication activities earlier today.
In certain countries, the competition authorities may, within certain time limits, intervene after the closing of an acquisition.  However, Thrane & Thrane considers the risk of such intervention to be minimal, as the transaction has already been approved in other EU and EEA countries. For more info see www.thrane.com.