Werklund Family Office takes control of RS Technologies
An affiliate of Werklund Family Office has acquired control of RS Technologies Inc, a Calgary-based designer and maker of composite utility poles and structures. No financial terms were disclosed. The seller was Melbye Skandinavia AS, a Norwegian provider of infrastructure network solutions for the energy and telecommunications markets. Werklund and Melbye jointly acquired RS in 2013, helping the business emerge from Companies' Creditors Arrangement Act proceedings. Established in 2003, RS has installed poles with more than 400 customers in 25 countries. David Werklund, who heads the Canadian family office, is the company's chairman.
30 January 2019•3 mins read
