Radio Holland (Rotterdam) announced that the MBO of the SRH Marine Group has been completed.
Zenitel (Brussels) and the RheinMetall Group (Dusseldorf), both 50 percent shareholders in EMG EuroMarine Electronics GmbH (Hamburg), agreed to divest SRH Marine and the final agreement to this effect was signed. The operation took place through an MBO by the management of SRH, financed by ABN AMRO Capital (The Netherlands).
Consequently, SRH Marine has now become an independent and leading international company in the maritime market. It was decided that the
new name of the holding will be '
Radio Holland Group', headquarters will be in Rotterdam. The closing of the deal is subject to final approval of antitrust committees in The Netherlands, Belgium and USA. RH is confident about a positive outcome.