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.
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.
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.
