AH Industries to acquire all shares in RM Group

Ratos subsidiary AH Industries, a supplier of metal components and services to the wind power, offshore and marine industries, has signed an agreement to acquire all shares in Danish company RM Group.

RM Group is a Danish subcontractor to the wind power, cement and mineral industries and provides metal machining of large components.

It has approximately 220 employees and pro-forma sales in 2009 amounted to approximately DKK488m (£54m) with an operating profit of DKK56m.

In 2009, AH’s sales totalled DKK367m with an operating profit (earnings before interest, taxes and amortisation) of DKK6m.