STAVANGER, Norway, Dec. 2, 2025 – COMROD, a leading Norwegian provider of advanced tactical communications and power solutions for the defence industry, as well as specialist utility and infrastructure systems, today announced that Bridgepoint, one of the world’s leading mid-market investors, will become the company’s new majority owner.

Bridgepoint, through its Bridgepoint Development Capital V fund, will acquire a controlling stake in COMROD. This investment represents a significant milestone in COMROD’s growth journey, reinforcing its ambition to strengthen its position as a premier provider of tactical communication systems for the defence sector and specialist electricity utility solutions.

A Partnership Focused on Growth and Innovation

The partnership is designed to support COMROD’s continued expansion as a global leader in defence communications and capitalise on its position as a trusted partner to NATO allies, defence integrators, and Tier-1 primes.

Key focus areas under the new ownership will include:

International Expansion: Accelerating COMROD’s growth and further scaling of the company internationally.

Investment in R&D: Supporting significant investment in R&D capabilities to drive innovation.

Operational Excellence: Strengthening operational excellence and automation further across the Group.

Strategic M&A: Executing a targeted buy-and-build strategy to accelerate growth, particularly in emerging domains such as unmanned systems and electronic warfare.

COMROD’s product portfolio, which includes mission-critical products and systems such as antennas, masts, amplifiers, and power supply systems, underpins secure and resilient tactical communications on the battlefield. The company also supplies specialist infrastructure solutions, including composite utility poles and monitoring systems for power distribution networks.

Management Commentary

Ole-Gunnar Fjelde, CEO of COMROD, commented:

“We are excited to partner with the Bridgepoint team. The investment from Bridgepoint represents an important milestone in our journey to strengthen our position as a leading provider of tactical communication systems for the defence sector and specialist utility solutions. In Bridgepoint, we have found a partner that shares our values and can support us in realising our next phase of growth.”

Johan Dahlfors, Partner and Co-Head of the Nordics at Bridgepoint, added:

“COMROD represents an opportunity to back a global leader in a specialised, rapidly growing segment of the defence communications market. The firm combines deep engineering expertise, trusted customer relationships and a proven track record of delivery across long-term defence programmes. We look forward to supporting the team as they continue to scale COMROD internationally and invest further in innovation.”

Transaction Details

COMROD and its shareholders were advised by Alpha Corporate Finance (M&A adviser), Schjødt (legal adviser), and EY (financial and tax adviser). The transaction is expected to complete in 2026, subject to customary regulatory approvals. Financial terms were not disclosed.

www.comrod.com

Munich/Bonn, November 3, 2025 — a4ESSOR S.A.S (Alliance for ESSOR – European Secure Software Defined Radio), a multinational joint venture that develops secure software defined radio (SDR) technology, has signed a procurement contract with the intergovernmental Organisation for Joint Armament Cooperation (OCCAR) to carry out the capability deployment of the ESSOR High Data Rate Waveform – EHDRWF. The waveform can be ported to national software-defined radios; through this unique approach, any nation can use its own radio and be interoperable with other nations in their tactical communications. The contract for the so called ESSOR Development Stage #4 (ES4) is valued in excess of 47 million EUR.

The six nations involved and their respective industry leaders (Finland – Bittium, France – Thales, Germany –Rohde & Schwarz, Italy – Leonardo, Poland – Radmor, Spain – Indra) have then been working to add new features, such as electronic protection measures and support of modern cryptographic standards, leading to several successful interoperability demonstrations and qualification tests and to the adoption of ESSOR High Data Rate Waveform as NATO STANAG 5651 in 2023.

Under the new contract, a4ESSOR will design a common mission framework aimed at shared planning capability of network parameters of the EHDRWF. Once implemented in the command-and-control system of each nation, the mission framework will ensure high interoperability at operational level, allowing quick and accurate deployment of multinational EHDRWF networks.

a4ESSOR will conduct field tests of the EHDRWF on the various radio systems to assess the maturity, performance and reliability of the waveform in various scenarios, providing valuable feedback for future waveform enhancements. The field test will also include trials in different operational environments (urban, rural and hilly terrains), line-of-sight/non-line-of-sight and mobility scenarios, as well as analysis of waveform performances under potential interference conditions. Furthermore, the contract will define an ESSOR in-service support framework and will set up an ESSOR laboratory as the reference for interoperability validation.

Lino Laganà, President and General Manager of a4ESSOR, said “a4ESSOR has been active for over 16 years playing a crucial role to develop and test ESSOR capabilities and technologies to address multinational defence requirements as a valuable solution in addition to the existing legacy waveforms. The ESSOR HDRWF standard is capable to facilitate seamless communications across diverse radio platforms and nations, affirming its potential to enhance collaborative defence operations across Europe and NATO countries.”

“The mission framework will allow a quantum leap forward in terms of interoperability among armed forces from various countries, as it will define what’s needed to achieve interoperability in mission planning and management. We will work at defining the required solutions towards their integration onto command & control systems of the various countries. It’s an evolution enabler, from technical to operational interoperability.”

Lino Laganà continued “The project aligns with the European Union’s strategic objectives of strengthening defence cooperation, enhancing autonomy, and improving the efficiency of combined military missions. By equipping EU member states with secure, interoperable, and scalable communication solutions, the initiative strengthens Europe’s collective ability to respond to threats and ensures seamless coordination in operations.”