2005-10-06

Pendulum Instruments AB to acquire XL Microwave Inc

Pendulum Instruments AB (Pendulum) based in Stockholm, Sweden and XL Microwave Inc, an Oakland (CA) based company, today announced they have reached an agreement for Pendulum to acquire the assets and operations of XL Microwave. XL Microwave develops and produces Microwave Counters and Antenna Alignment products and has existing sales partner relationships in USA. Through the acquisition of XL Microwave, Pendulum will establish a daughter company “Pendulum Instrument Inc” in the current premises of XL Microwave.

Mr Harald Kruger, CEO of Pendulum Instrument AB stated: “XL Microwave products are complementary to Pendulum’s portfolio of high precision time and frequency measuring instruments in that XL Microwave covers the frequency range above 20 GHz up to 60 GHz”.

Mr Harald Kruger also added: “Together we will strengthen our market position world wide and particulary in USA.”

Mr Fred Anderson, President of XL Microwave Inc stated: ”The entire organization of XL Microwave is looking forward to this new relationship that will provide significant improvement in the ability to market our products and extend the product line provided by the melding of the companies”.

Information about the company: Orolia Global Services AB