STOCKHOLM, Jan. 29, 2021 /PRNewswire/ -- INVISIO's
acquisition of Racal Acoustics is now completed. This strengthens
INVISIO's position as global market leader in advanced systems for
communication and hearing protection for professional
users.
The acquisition of Racal Acoustics, which was announced on
22 December 2020, means that INVISIO
is broadening its offer with a complementary product category
consisting of advanced and robust hearing protection and
communications headsets for environments with constant high noise.
This type of environment is found for example in large military
vehicles and around aircraft.
The acquisition creates several attractive growth opportunities,
both through combining Racal Acoustics' market leading offer with
INVISIO's global sales organization and through giving INVISIO
access to customers relevant to the Intercom system.
Racal Acoustics has recently completed a successful
restructuring and in 2021 is expected to make a considerable
contribution to INVISIO's continued growth journey, as well as
having a positive impact on profits. No material integration costs
are expected.
Racal Acoustics, with its 55 employees will constitute the
Group's High Noise Excellence Center and be responsible for
developing new solutions specially adapted to challenging
environments with constant high noise. Products will continue to be
marketed under the Racal Acoustics brand.
INVISIO's Executive Group Management will be expanded
James Ewing, Managing Director
Racal Acoustics, is now a member of INVISIO's Executive Group
Management. James has many years' international experience from the
defense and aviation industries as well as the electronics sector.
He has held several executive positions in Esterline Advanced
Sensors, within engineering, program management, IT and business
development. James reports to INVISIO's President and CEO.
"We welcome James to the Executive Group Management and look
forward to benefiting from his wide experience. He is a natural
leader for Racal Acoustics and in a short space of time has
implemented a successful restructuring of the company, the results
of which we can already see", says Lars Højgård Hansen, INVISIO's
President and CEO.
For further information, please contact
Lars Højgård Hansen, CEO, INVISIO AB
Mobile: + 45 5372 7722 | Email: lhh@invisio.com
Michael Peterson, Director
Investor Relations & Corporate Communication, INVISIO
AB
Mobile: +45 5372 7733 | Email: mpn@invisio.com
About INVISIO AB (publ)
INVISIO develops and sells advanced communication systems that
enable professionals in noisy and mission critical environments to
communicate, protect their hearing and work effectively. The
company combines specialist knowledge in acoustics and hearing with
broad engineering know-how in software, materials technology and
integration, etc. Sales are via the headquarters in Copenhagen and sales offices in the
USA, France, the United
Kingdom, Italy and via a
global network of partners. INVISIO's registered office is in
Stockholm, Sweden and the company
is listed on Nasdaq Stockholm (IVSO). www.invisio.com
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INVISIO Racal
Acoustics deal completed
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