AltX-listed Alaris Holdings is a technology holding company listed on the JSE AltX since July 2008. The company announced today that on Friday, 4 March 2016, an agreement was signed between Alaris Holdings and European based company COJOT OY, whereby Alaris acquired COJOT OY. On 28 April 2016 it confirmed that all conditions precedent to the Acquisition have been fulfilled and the Acquisition is now unconditional. The Acquisition will take retrospective effect from 1 January 2016.
Alaris Antennas, a subsidiary of Alaris Holdings, designs and manufactures specialised wide band antennas as
well as other related radio frequency products. Its products sell in the frequency spectrum monitoring, communication, test and measurement and electronic warfare market. The business operates mainly in the homeland security market space, helping to provide solutions to system integrators and frequency spectrum
COJOT was founded in 1986 and is located in Espoo, Finland. The company has nearly 30 years of experience in
the design, development and manufacture of innovative antenna products, serving military and public safety
Group CEO of Alaris Holdings, Juergen Dresel, and chairman and previous co-owner of COJOT, Erkki Valkeasuo,
have strategised around and negotiated towards this deal for several months. “Both companies see significant
strategic benefit in joining forces as the product lines will complement each other and the market which we
serve is similar,” says Dresel.
The two businesses are complimentary and the combined operations will allow existing customers to receive an
improved service as well as an expanded product portfolio through cross-selling. With both companies
historically strongly focussed on research and development and both companies holding practically exploitable
patented technologies in their own right it is expected that the fostering of design innovation and continued
pursuit of novel technologies will be enhanced through the sharing of ideas and talent in both organisations. As
such, the design and development of new products resulting from the combined skill sets of the two companies
will provide more competitive features enabling increased performance for end users.
Further, Dresel says, “We are very pleased to welcome Samu Lentonen, MD of COJOT OY, as part of the Group’s
management team moving forward. Samu is well respected in the global antenna market and has managed to
attract key accounts with well-known international customers.
This is the Group’s fourth acquisition and is in line with the previously communicated strategy to expand its
global footprint into Europe and the US. “We are confident that it will help Alaris to further grow shareholder
value,” says Dresel.