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Euromarine Electronics News

03 Nov 2003

STN ATLAS Marine Electronics Sold

As of November 1, 2003, equity investor EquiVest, represented by Munich-based CBR Management GmbH, has acquired from EMG EuroMarine Electronics, a Hamburg-based Rheinmetall Group company, the business operations of STN ATLAS Marine Electronics GmbH, Hamburg. The parties to the deal have agreed not to disclose any details on the price paid. The takeover by EquiVest is part of an MBO enacted by STN ATLAS Marine Electronics' Management Board. The new company will operate under the name of SAM Electronics GmbH. A leading systems supplier in the market for electrical and electronic ship and offshore equipment, STN ATLAS Marine Electronics' some 1,000-strong workforce generated sales of EUR 244 million in fiscal 2002.

03 May 2004

Thrane & Thrane Acquires EuroCom Industries

EMG EuroMarine Electronics GmbH sold its 88.6-percent stake in ECI EuroCom Industries A/S, Ålborg, Denmark to Denmark’s Thrane & Thrane A/S for approximately EUR 14 million. EuroCom Industries is among the leading suppliers of marine telecommunication electronics. With its workforce of 225, it generated in 2003 sales of EUR 47.5 million and, after the successful turnaround in 2003, an EBIT of EUR 4.6 million. By acquiring the majority stake in EuroCom Industries, Thrane & Thrane rounds off its portfolio of maritime communication products.

11 Mar 2002

Radio Holland Group Becomes Independent

Radio Holland (Rotterdam) announced that the MBO of the SRH Marine Group has succeeded. Zenitel (Brussels) and the RheinMetall Group (Dusseldorf), both 50 percent shareholders in EMG EuroMarine Electronics GmbH (Hamburg), agreed to separate from 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 independent and will take the new name, 'Radio Holland Group' with headquarters in Rotterdam. The closing of the deal is subject to final approval of antitrust committees in the Netherlands, Belgium and USA.

08 Jul 1999

Marine Electronic Giants To Merge Operations

SAIT-RadioHolland is merging its marine activities with those of German STN Atlas, part of the Rheinmetall Group. The 50/50 joint venture has been named EuroMarine Electronics.

06 Mar 2002

New Radio Holland Group Is Now Independent

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.