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Thrane & Thrane founder to leave the company

Lars Thrane (right) with brother Per Thrane in 1983 Lars Thrane (right) with brother Per Thrane in 1983

Lars Thrane, the founder of Danish satellite communications company Thrane & Thrane A/S, has announced his decision to leave the business after its recent acquisition by Sea Tel’s parent company Cobham plc.

Cobham agreed a deal to buy Thrane & Thrane earlier this year and has since combined it with its other satellite communications companies, rebranding the company Cobham SATCOM.

Lars Thrane, who started Thrane & Thrane with his brother Per in 1981, had originally opposed the takeover, having been quoted in the Danish press as saying that he would not sell his 24 per cent share of the company to Cobham. Mr Thrane has now decided to leave the company following the completion of the deal.

“Lars has informed the Board that he will leave at the end of November. We respect his decision to leave the business, and we wish him all the very best for the future,” said Walther Thygesen, the vice president of Cobham SATCOM.

“We’re very appreciative of the support he has given us throughout this initial, critical period of the integration process, which is progressing well. He has built a great company, which we intend to grow further under Cobham’s ownership and the leadership of the Denmark-based management team.”

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