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Latest Satellite News Discussion, Info Kathrein Group acquires TechnoTrend at General Satellite News forum; Kathrein Group acquires TechnoTrend--February 23, 2009 14:59 GMT Receiver manufacturer TechnoTrend has been purchased by Grler Telekom GmbH a subsidiary ...

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Info Kathrein Group acquires TechnoTrend
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Info Kathrein Group acquires TechnoTrend - 23-February-2009, 21:50

Kathrein Group acquires TechnoTrend--February 23, 2009 14:59 GMT

Receiver manufacturer TechnoTrend has been purchased by Grler Telekom GmbH a subsidiary of the Kathrein Group in a deal reputed to be worth 10 million. The TechnoTrend brand name will continue and will be integrated into Kathreins sales effort.

The disposal of TechnoTrend by the Portuguese IT group Novabase SGPS follows the November 2007 withdrawal of plans to stage an IPO for the company.

We will concentrate the know-how and development capacities available in the Kathrein Group on this field in the new company in order to create more vigour, said Prof. Anton Kathrein. With this takeover we are sending out a positive signal in economically difficult times and we are securing skilled jobs in Thuringia and Bavaria.

Former TechnoTrend employees will be offered jobs within the new organisation following a company restructuring. Grler Telekom will also take on the patent rights associated with TechnoTrend.
   
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