Allgon has issued its inaugural bond of SEK 276m. The bonds have a tenor of four years and carry an interest rate of Stibor 3m + 6.75%. The proceeds from the bond issue will be used to partially finance the acquisition of Tele Radio announced on 4 May 2018.
Tele Radio develops and manufactures radio remote control products for industrial use and is one of the leading players in Europe. Tele Radio’s products include advanced radio systems specially adapted for heavy industry where the demands for security and reliability are high. Tele Radio also offers simpler systems. Through its global network of subsidiaries and authorized dealers, Tele Radio offers a comprehensive range of services in addition to its broad product portfolio.
Through the two companies, Tele Radio and Allgon with the subsidiary Åkerströms, Allgon’s radio remote control business will become a strong global company in industrial radio remote control.

Published: 17 Jun, 2018