Clearwater International Denmark acted as financial advisor to Sweden-based Ratos, and the joint shareholders, in the divestment of AH Industries (AHI) to AURELIUS .
Denmark-based AHI is a major supplier of metal components, modules, systems and services to the wind turbine, cement and minerals industries. With established production in both Europe and China, AHI procures, manufactures and assembles tailor-made solutions globally.
AHI is structured into three business areas; manufacturing solutions – this includes contract manufacturing that focuses on machining of heavy components that are primarily for the wind turbine industry such as rotor housing and hubs; industrial solutions, which supplies components to the cement and mineral industries, often in the form of modules or system solutions; and site solutions, which supplies services and lifting equipment to turbine manufacturers and wind park owners. The company has approximately 370 employees and reported revenue of €100m in 2015.
AURELIUS is a Germany-based publicly traded holding company with a total annual turnover of €3bn. The group’s shares are traded on the Munich Stock Exchange. AURELIUS has completed more than 80 transactions and currently holds a portfolio of 25 companies internationally across industrial enterprises, chemicals, business services, consumer goods, food & beverage, telecoms, media and technology.
“The intensive improvement measures carried out at the company mean that AH Industries now stands on a stable platform that will allow it to grow together with a competent organisation and robust management group. Ratos has owned AH Industries since 2007 and we view the timing as appropriate for a new owner to take over.”
Robin Molvin, Investment Director, Ratos
“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.”
Dr. Dirk Markus, Chairman of the Executive Board, AURELIUS
“We’re delighted to have advised Ratos and the joint shareholders in the sale of AH Industries. We are certain that the competent management team of AH Industries together with AURELIUS will continue to develop the company in a positive direction, and we wish them all the best in their continued efforts to consolidate their leading global market position, especially in the wind sector. This transaction is the third private equity divestment in 2016 advised by Clearwater International, including the divestment of J. Hvidtved. Larsen from Maj Invest and the divestment of INDUSTRIVARME by Vækst-Invest.”
Lars Rau Jacobsen, Associate Partner, Clearwater International