Gapwaves makes a strategic investment into the radar sensor market by acquiring a minority stake in Sensrad
Gothenburg, April 27, 2023: Gapwaves AB (publ) (“Gapwaves”) has entered into an agreement through which Gapwaves will become owner of 30 per cent of the share capital of Sensrad AB (“Sensrad”), previously a fully owned subsidiary of Qamcom Group AB (“Qamcom”). The investment is carried out by subscription of newly issued shares in Sensrad and the total investment amounts to SEK 40 million, funded by cash on hand. In addition, Gapwaves has the right to acquire on certain terms an additional 30 per cent share of Sensrad up until June 30, 2024.Sensrad is a recent spin-out venture from Qamcom’s