Pon Holdings has announced its intention to take over Parcom Capital’s majority share in RH Marine Group, a transaction which would see Pon Holdings become the 100% outright owner of RH Marine.
The proposed acquisition is dependent on approval from competition authorities and other authorities, but is expected to be completed before the end of January 2020, the companies said.
RH Marine Group is a holding company consisting of three businesses: Radio Holland Group (Rotterdam), VBH (Amsterdam) and Aerius Marine (Hamburg), each with their own product portfolio and specific maritime market subsegments.
Radio Holland Group is the largest, with 570 employees, and is involved in supplying and maintaining navigation and communication equipment and maritime electronics on board various types of ships via its worldwide service network in 70 locations.
VBH supplies audio-visual, connectivity and security products and services to super yachts, while Aerius Marine designs and supplies HVAC (heating, ventilation & air conditioning), refrigeration and fire detection systems to cruise ships, naval vessels and mega yachts.
Pon Holdings and Parcom Capital originally became joint shareholders of RH Marine Group, formerly Imtech Marine, in August 2015. Pon Holdings is already active in the marine market, selling and servicing, among others, Caterpillar engines and generators, though the company has confirmed that Radio Holland Group, VBH and Aerius Marine will continue to operate independently after the takeover.