Deltaq a/s and Combilent's management team have sold the company to Indutrade for an undisclosed consideration.
Combilent is a leading, global provider of advanced combiner systems and RF conditioning products for the professional mobile radio business. Customers are mainly in governmental organizations such as the police, fire brigades, ambulances, the transport sector and the military. The company will become part of Indutrade’s Measurement & Sensor Technology business area.
Indutrade is a listed Swedish industrial conglomerate comprising nearly 200 companies worldwide. The group sells high-tech products and solutions to help customers improve their own products as well as streamline their production processes.
Deltaq is a private equity fund listed on the Danish stock exchange. It invests in small and medium-sized enterprises that typically have a need for generational change or change of ownership, or a need for capital and stronger management in order to continue to grow and develop.
Oaklins' teams in Denmark and Sweden advised the seller in this transaction, finding the buyer through an international auction.
Dennis Willer, CEO, Deltaq a/s, said: “Oaklins ability to implement an international sale process with interested buyers from all over the world was decisive for our the choice of advisor. We are very happy with the result and the fact that the teams were able to raise the price further during the negotiations. Well done!"
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