Bridgepoint, one of the world’s leading mid-market investors, today announced that it has signed an agreement to invest in Comrod, a leading Norwegian provider of advanced tactical communications and power solutions for the defence industry, as well as specialist utility and infrastructure systems.
The transaction sees Bridgepoint Development Capital V – a lower middle-market fund focused on supporting fast-growing businesses across Europe – acquire a majority stake in the company.
Founded in 1948 and headquartered in Stavanger, Norway, Comrod is a trusted partner to NATO allies, defence integrators and Tier-1 primes. Its products – spanning antennas, masts, amplifiers and power supply systems – are mission-critical components that underpin secure and resilient tactical communications on the battlefield. The company also supplies a number of specialist infrastructure solutions, such as composite utility poles and monitoring systems for power distribution networks.
On the back of a portfolio of high-quality products and systems, Comrod has delivered impressive growth to date as it capitalises on structurally expanding markets supported by sustained tailwinds in defence spending and major modernisation programmes across NATO and allied nations.
Under Bridgepoint’s ownership, Comrod will continue to build on its position as a global leader in defence communications and critical utility systems. The partnership will support investment in R&D capabilities, operational excellence and automation, and a targeted buy-and-build strategy to accelerate growth in emerging domains such as unmanned systems and electronic warfare.
Ole-Gunnar Fjelde, CEO of Comrod, commented: “We are excited to partner with the Bridgepoint team. The investment from Bridgepoint represents an important milestone in our journey to strengthen our position as a leading provider of tactical communication systems for the defence sector and specialist utility solutions. In Bridgepoint, we have found a partner that shares our values and can support us in realising our next phase of growth.”
Johan Dahlfors, Partner and Co-Head of the Nordics at Bridgepoint, said: “Comrod represents an opportunity to back a global leader in specialised, rapidly growing segments of the defence communications market and critical utility systems. The firm combines deep engineering expertise, trusted customer relationships and a proven track record of delivery across long-term procurement programmes. We look forward to supporting the team as they continue to scale Comrod internationally and invest further in innovation.”
The partnership leverages defence technology sector expertise across Bridgepoint’s platform, including investments in MyDefence, a provider of counter-drone technology to protect personnel and infrastructure from unmanned aerial threats.
Bridgepoint was advised by Evercore, Seabury and Castlegreen Partners (M&A advisors), Schjødt (legal adviser), Oliver Wyman (commercial due diligence), PWC (financial, tax, operational, ESG due diligence), SRM (cyber due diligence), and Marsh (insurance due diligence).
Comrod and its shareholders were advised by Alpha Corporate Finance (M&A adviser), Schjødt (legal adviser), and EY (financial and tax adviser).
The transaction is expected to complete in 2026, subject to customary regulatory approvals. Financial terms were not disclosed.