Procom A/S Acquired by Amphenol Group
Procom are pleased to announce that Procom & Skymasts are now part of the Amphenol Corporation.
Via Venture Partners and the management have sold Procom A/S to Amphenol Corporation. Listed on the New York Stock Exchange and headquartered in Connecticut, United States, Amphenol is one of the largest manufacturers of interconnect products in the world.
Procom is a leading supplier of state-of-the-art antennas, filters and combiner equipment. The company has a broad international customer base and a strong position in the marine, defense, public safety, transportation and industrial markets.
Procom was established in 1980 and was owned by its founders until 2008, when the current CEO Peter Borregaard became co-owner. Having followed the company for several years, VIA invested in Procom in October 2013. During VIA’s relatively short ownership period, Procom’s revenues increased from c. DKK115m to DKK160m. The acquisition of the prominent UK-based antenna manufacturer Skymasts Antennas Ltd. in June 2014 was an important element of the growth.
“Procom has been a relatively short-lived but very successful investment for Via Venture Partners and I am convinced that at this stage, Amphenol is the right owner for continued international growth, in particular outside Europe. It has been a pleasure to work with Peter Borregaard and his team, and they look forward to joining Amphenol to develop the business further,” says Jakob Rybak-Andersen, partner at Via Venture Partners.
“I am extremely excited to bring Peter’s many years of entrepreneurial success along with his strong background in technical product development and engineering into the Amphenol RF & Microwave group. Peter’s background and experience, combined with the global scope and reach of the Amphenol RF organization, will help to accelerate our expansion into the important PMR market,” says Zak Raley, Senior Vice President at Amphenol.
Picture: Peter Borregaard