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Cobham SATCOM posts strong financial results and positive growth for 2020
Cobham SATCOM (formerly known as Thrane & Thrane A/S), a market-leading provider of radio and satellite communications solutions to the maritime and land markets, has today announced its 2020 year-end financial results, reporting positive growth despite a challenging year heavily impacted by COVID-19. The results are the first full end of year figures posted since the acquisition of Cobham by Advent International, one of the largest and most experienced global private equity investors.
Successful transition following acquisition
January 2020 saw the formation of Cobham SATCOM Group (Cobham SATCOM) as a stand-alone business in the Cobham Group under the ownership of Advent International. Since then, Cobham SATCOM has embarked on a transitional journey, which led to the establishment of the new Group, and the optimization of investments in the land and maritime core businesses. As part of the transition, Cobha