Ramaer sold to ELCO Group

The acquisition was first announced at the beginning of the year. Now the transaction has been closed. "The transaction facilitates the realization of significant operating synergies based on increased regional market coverage, an enlarged product and service offering as well as transfer of production know-how and technological capabilities", a short statement by financial advisor MP Corporate Finance. Ramaer will continue to be an independent company within the elco Group and operations remain in the hands of the management team.