TenCate Acquire ABDS

03 January 2012

TenCate has signed an agreement with the shareholders to acquire all the shares of ABDS ApS, which will be integrated into the TenCate Company as TenCate Active Protection ApS.

TenCate explain that the full ownership effectively supports a timely international market introduction through producers of army vehicles in order to substantially increase the survivability protection levels of vehicles used in crisis areas. They say the acquisition shall be completed once Danish authorities have approved the transaction, which approval is expected shortly.

According to TenCate, recent tests and simulations of the TenCate ABDS active blast countermeasure system have been concluded successfully. They say vehicle specific tests are an essential part of the successful implementation of the system in the field. The implementation of the TenCate ABDS active blast countermeasure system is currently planned to take place in the course of 2012-2013. TenCate explain that, based on the tests and simulations so far and their good results, genuine interest is currently being shown by the market in several vehicle programmes.

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