- Satellite Evolution Group
Torben Frigaard Rasmussen appointed QuadSAT’s Chairman of the Board
QuadSAT has appointed Torben Frigaard Rasmussen as Chairman of the Board. Former Chairman of Mobile Industrial Robots (MIR), Torben is passionate about building and growing technology start-ups and will help QuadSAT to scale on its road to global and scalable growth.
QuadSAT, headquartered in Odense, Denmark, supplies drone-based antenna testing and tracking solutions to the satellite, defence, wireless and broadcast markets to enhance quality and reliability of their telecom-based services. QuadSAT’s system provides users with affordable, accessible, and accurate antenna testing and calibration.
Torben Frigaard Rasmussen has a wealth of experience working with SaaS solution providers and is a strong investor in the Odense ecosystem. Torben has been involved in more than 20 merger and acquisition transactions across Europe and the USA. Previous growth successes include E-conomics, Umbraco, Cardlay, and Mobile Industrial Robots, which was acquired by Teradyne for US$222 million in 2018.
Torben Frigaard Rasmussen, Chairman of the Board, QuadSAT, commented: “QuadSAT is an extremely innovative company with a solution that has the potential to revolutionize antenna testing. With the product due to launch, it is certainly an exciting time for the company, and I look forward to being a part of its inevitable growth.”
Joakim Espeland, CEO, QuadSAT, added: “Torben has a strong track record of successful investments, coupled with a high level of technical experience that makes him the ideal person to take over as Chairman. I look forward to working with Torben as we move QuadSAT forward.”
Other board members include Helge Munk from Helge Munk Holding, Rob Desborough from Seraphim Capital and Simon Frederik Øelund from Vækstfonden.
Over the last year, QuadSAT has grown its team by 33 percent across its engineering and commercial functions. As a highly international company, QuadSAT staff now represent more than 21 different countries. To support this continuing expansion, QuadSAT has secured an additional EUR€1.6 million of investment as part of a pre-Series A investment round, now totalling EUR€3.6 million.