Pendulum Instruments to Merge with Spectracom
9.23.2009

Spectracom and Pendulum parent, Orolia, advances growth strategy

As a part of its global strategy to expand the group’s presence and diversify in growth segments, Orolia (NYSE Alternext Paris - FR0010501015 - ALORO) announced today the launch of three key divisions to support its positioning, navigation and timing business. The three divisions, Positioning Systems, Space and Navigation and Timing, Test & Measurement, will align and focus existing group companies along technology and market verticals to ensure a high level of applications knowledge, customer support and operating efficiencies at both the division and group level.

With the new division structure, the Timing, Test & Measurement group companies, Pendulum and Spectracom will merge and will be supported by three core development/market focused business units. Under the Spectracom name the company will share a management, sales, and service infrastructure. Headed by Lisa Withers, Spectracom CEO, the division will focus on implementation of this infrastructure to expand its business in time and frequency markets and accelerate key research and development activities. Said Withers “I believe the combination of Pendulum’s and Spectracom’s product portfolio’s and sales channels give a real boost to both organizations in terms of critical mass and the opportunity to service customers on a global basis. With Spectracom offices now in the US, France, United Kingdom, Sweden, and St. Petersburg we are in a very strong position to deliver leading products and local support to our customers."

More about the Pendulum and Spectracom merger
Read the entire press release: Orolia Advances Growth Strategy