Jotron AS acquires Ricochet AS

Jotron AS has bought 100% of the shares in the ATC recording company Ricochet AS. The transaction takes effect on 5th July 2012.
jotronThis acquisition is part of Jotrons global strategy to focus on its core businesses, communication products and systems for ATC (Air Traffic Control) and marine applications. The purchase of Ricochet significantly increases Jotrons revenue in the worldwide ATC market.

Jotron AS is a leading supplier of state of the art VHF/UHF radio systems and controllers for the global ATC and coastal communication market. The addition of Ricochets highly respected and recognised unified recording systems for voice, screen and radar will complete the Jotron portfolio and strengthen our market position, says Magnus Vold, Managing Director at Jotron AS. We expect this to create significant synergies for Jotron, Ricochet and our customers.

Ricochet will form part of Jotrons recently established ATC and Coastal Communication Division.

Ricochet AS is a world leader in the supply of advanced recording and replay systems for ATC. Via multiple partners worldwide, Ricochet is serving its customers globally with legal recording and replay systems according to ICAO and CAP 670 requirements. This acquisition opens up new opportunities and will strengthen Ricochet AS even further, says Øivind Ramde, Chairman and CTO at Ricochet AS. We are in the same markets with complementary products and see synergy effects in all areas of our business. We are convinced that this merger will benefit all current and future customers and partners to Jotron AS and Ricochet AS.
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