AURELIUS acquires AH Industries
- A leading supplier of components, modules and systems for the wind-power, minerals and cement industries
- A technological market leader in all three areas of business
- AURELIUS' presence in Scandinavia continues to pay off
Munich/Stockholm, 22 December 2016 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) acquires AH Industries from Ratos AB and other minority shareholders. Headquartered in Ribe (Denmark), AH Industries is a leading supplier of components, modules and systems for the wind-power, minerals and cement industries. The company employs 370 people in Denmark and China. For the business year ending 31 December 2016, AH Industries expects annual sales exceeding EUR 110 million. The transaction is scheduled for completion in the first quarter of 2017.
AH Industries operates in three business areas. In its largest segment, the company produces steel components and modules for onshore and offshore wind turbines. For these components, the company's unique selling point lies predominantly in high-precision machining and supply chain management. AH Industries' second activity is in the procurement and assembling of special machinery for the cement and minerals sectors. The third business segment involves the production of handling equipment for wind turbine components under extreme conditions with a high level of precision.
AH Industries has been defined as a technological leader in the wind-power, minerals and cement industries for many years and maintains strong and long-term partnerships with its major clients, including leading European and Asian wind turbine manufacturers (OEMs). With a highly diversified product portfolio and production plants in both Denmark and China, combined with sales offices in the USA, Singapore and Hong Kong, AH Industries is well positioned on the global market. Over the last few years, the company has implemented a comprehensive restructuring programme to further enhance its competitiveness and strategic position. As part of this process, AH Industries divested its unprofitable tower and foundation business in Germany and relocated a plant in Denmark. AURELIUS envisages to continue the strategic improvement measures initiated by AH Industries, and plans to further expand its strong market position, particularly in the wind turbine segment. CEO Knud Andersen, along with his management team, have an established network and long-term experience in the wind-power and steel industries. "Together with AURELIUS, we look forward to starting a new chapter in our company history and to continuing to develop AH Industries," Andersen said.
"I'm very pleased that we have been able to successfully execute a transaction in the Nordics today. This showcases that our international focus is increasingly bearing fruit," said Dr. Dirk Markus, Chairman of the Executive Board of AURELIUS. "With its technological leadership in Europe, AH Industries is positioned for outperformance. The company is also active in a sustainable market, offering significant potential for profitable growth."