Kenwood Acquires Zetron (4/4)
Wednesday, April 04, 2007 | Comments
Japan-based Kenwood announced it plans to acquire 100-percent of the issued and outstanding capital stock of Zetron, a U.S.-based provider of products and systems used in mission-critical command and control and private mobile network communications. Following the completion of the acquisition, Zetron will be a subsidiary of Kenwood. Financial details were not disclosed. Kenwood said its Communications Equipment business accounts for more than 30 percent of its consolidated net sales and generates the highest profitability among its three core businesses. LMR is the major sub-segment of that business and boasts the second-largest global market share. Company officials said the buy will enable Kenwood boost its existing radio terminal-based business through a turnkey systems business; win new sales opportunities by capturing demand for communication systems in the government, traffic, aviation, and security sectors; and win new customers through such new businesses. Kenwood will initially focus development of this new business in the United States, the largest market for both Kenwood and Zetron, but plans in the future to expand worldwide. Zetron's sales that will represent approximately 10 percent of the sales from Kenwood's Communications Equipment business, along with synergies from the expansion of its radio terminal sales by combining its radio terminal-based technologies and resources with Zetron's mission-critical communications system technologies and resources.


 
 
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