NETHERLANDS - ABN AMRO sells Radio Holland

Radio Holland Group is a world wide sales and service network of maritime navigation and communication equipment for the ship operating and ship building industry. The network consists of Radio Holland subsidiaries and branches as well as approximately 150 service stations operated and owned by third parties.

ABN AMRO Capital and Stichting Co-Investors Radio Holland Group acquired the company in June 2002 in a management buyout from German group Euromarine. The investment thesis was built around scope for growth through increasing existing market shares and further geographical expansion. In September 2003, the management launched a new business plan. In the following years, Radio Holland Group expanded its existing business model in selected new territories and was able to strengthen its ‘service-on-demand’ activities.

Imtech has shown strong interest in the company and the combination of Imtech and Radio Holland is expected to create a further platform for growth for the company. Through this takeover, Imtech is able to double its revenues in this market segment which is expected to result in a top-5 ranking of the combined entities in the international maritime market.

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