Following Racal Electronics Plc’s acquisition of HRM, a Telefonica subsidiary and distributor of Racal nautical radars for the last 25 years, the British multinational has confirmed the start of negotiations with other companies in Spain. Racal hopes to expand its Spanish activities via the acquisition of or investment in companies, particularly those in the communications and telecommunications sectors, although companies any in other sectors such as security systems and equipment, databases, radar and aircraft equipment, nautical radar and energy electronics will also be considered. The price for the acquisition of HRM was settled at $6m, not including fixed assets, which still belong to Telefonica. Racal has also kept the same board of directors and claims there will be no redundancies. There will be, however, a widening of HRM’s range of products, application of more advanced technology and strengthening of the technical services network.
