Jotron and Zenitel have signed a contract for the sale of the Jotron Phontech portfolio
Jotron, a leading manufacturer of safety communication products and solutions has signed a contract to sell the Phontech portfolio. Zenitel will purchase this portfolio which specializes in intercom and Public Address and General Alarm (PAGA) solutions for the Maritime and Oil & Gas markets.
12 October, 2018
Jotron announces that it has signed a contract with Zenitel for the sale of the Jotron Phontech portfolio. This contract is structured as a two-step transaction with a closing subject to the fulfillment of the conditions. Located in Horten, Norway, the Phontech portfolio is specialized in intercom and PAGA solutions for the Maritime and Oil & Gas markets. The Phontech portfolio is currently integrated in Jotron and the transaction will be structured as an asset deal.
Over the past few years the Air Traffic Control (ATC) market has developed at a fast pace and Jotron is involved in an extensive number of global projects. The core technology and products within the ATC radio, recorder, GMDSS and AIS safety segments is where Jotron will increase its future focus. Merete Berdal, Managing Director at Jotron is pleased with this agreement. “As a consequence of the demand in growth in the ATC market, and in the interests of maintaining a world leading company for maritime safety products, Jotron decided to look for a new owner for our Phontech portfolio. Zenitel is the natural choice. We believe Horten will gain an even stronger position by combining two major Intercom and PAGA providers into one world leading player,” says Merete Berdal.
“Phontech is a dynamic and flexible business organization, specialized in Intercom and PAGA solutions to the Maritime and Oil & Gas markets. This strategic acquisition will strengthen Zenitel’s position as a world-wide market leader for intelligent critical communication solutions in the Maritime industry,” says Kenneth Dastol, CEO at Zenitel.
Both parties expect the contract to be closed before the end of 2018.
For more information, please contact;
Merete Berdal, Managing Director – Jotron, tel: +47 3313 9700.
About Jotron
Jotron AS is a privately owned Norwegian company founded in 1967 offering:
• Safety communication for maritime and offshore applications
• Shore to ship communication products and systems
• ATC ground to air radio communication products and systems for civil aviation and military
• Recording and replay systems
Jotron has 300 employees with locations in Lithuania, Norway, Singapore, the United Kingdom, the United States of America and a representative office for ATC in China. The head office is based in Larvik, Norway.
Follow Jotron: LinkedIn, Facebook and YouTube.
About Zenitel
Zenitel is committed to the success and future objectives of its Secure Communication Systems (SCS) activity that develops and distributes fully integrated communication platforms including Intercom, PAGA and two-way radio systems.
For more information, please contact;
Kenneth Dastol, CEO, tel: +47 4000 2511