Britain’s Cobham recently said that it has acquired a nearly 26 percent stake in the Danish satellite communications company Thrane & Thrane A/S just weeks after it announced that it had withdrawn a proposal to acquire Thrane & Thrane.
Cobham withdrew its earlier offer to acquire the Danish firm after Thrane & Thrane’s board said it would not recommend the offer.
Cobham said it made the recent investment in the SatCom firm after some of its institutional investors indicated they wanted to sell their shares in Thrane & Thrane after the company’s chairman resigned in late March.
Cobham acquired most of its shares in Thrane & Thrane from Jupiter Asset Management and other institutional investors. Cobham previously had owned a nearly 3 percent stake in the firm.
Cobham said that it continues to review its options regarding Thrane & Thrane.
Satellite communications is one of the markets that Cobham believes will have high growth. The company already has capabilities here in marine satellite antennas and very small aperture terminals, as well as L band antennas and modems for business jets.
Thrane & Thrane provides SatCom solutions in the land mobile, maritime and aeronautical domains.