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Swedes acquire UK test equipment maker
Pendulum's established worldwide distribution network will give Rapco an entry to new customers, markets and applications.
Stockholm, Sweden based Pendulum Instruments has taken over Rapco Electronics, a test and measurement company in Basingstoke, Hampshire, UK, specialising in high-precision time and frequency standards generation and distribution.
Pendulum Instruments acquired the assets and operation of the privately owned Rapco company, with the purchase of all the outstanding shares.
Rapco Electronics develops and manufactures precision time and frequency products, mainly for use by governmental, military, telecomms, broadcasting and scientific customers.
The product portfolio comprises high accuracy GPS-controlled master clocks, portable GPS-controlled frequency standards, time code generators, frequency and time-code distribution systems.
Harald Kruger, Pendulum Instruments' CEO, says: "The inclusion of the Rapco product line with Pendulum Instruments' world-leading range of time and frequency products will strengthen our product portfolio and fill some gaps in our current programme, for example precise time code generation and distribution".
"Rapco products fits perfectly in our world-wide distribution network".
Dennis Reed, Rapco Electronics , CEO adds: "We are very pleased to join the Pendulum Group at a time when the extra development and distribution resources we need have now become available".
"The expertise we can now access in-house will give us a huge boost and working with Pendulum's established worldwide distribution network will give us an entry to new customers, markets and applications".
"As part of the Pendulum Group we can look forward to the future with great confidence".
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