February 2nd, 2018. AH Industries A/S has a new ownership. Partners Kim Kronborg Christiansen and Adrian Roy Willetts have purchased the company from AURELIUS Equity Opportunities SE & Co. KGaA, a German investment company.
Kronborg Christiansen and Willetts share more than 10 years working in the wind industry, holding senior positions in Vestas and Global Castings amongst others.
Kim Kronborg Christiansen, new CEO and buy-in manager, holds a privileged outside perspective on AH Industries: “Over the years I have known AH Industries as a customer, a supplier and a competitor, and hold great respect for the company. I have been on the lookout for an active investment opportunity and AH Industries holds great promise being well balanced within several industries. I look very much forward to conducting an active management from a private ownership”.
Adrian Roy Willetts already knows AH Industries from his position as Chief Sales Officer in the company during AURELIUS’ recent ownership, and seconds Kronborg Christiansen:
“AH Industries has a unique international footprint. Founded on strong Danish values the company is close to the Northern European customer base, and with its Chinese footprint it has the ability to serve local Chinese and international customers from here as well.
During the past year AURELIUS has successfully focused on honing AH Industries’ core business: machining and assembly services and has opened the German market, thus widening AH Industries’ sales channels. We are glad to move forward with the continued sales support of AURELIUS as developing a stable customer base is the centre of our attention when gathering the forces of AH Industries”, Willetts says.
The parties have agreed to keep the purchase price confidential.
AH Industries produces metal components and modules for wind turbines, the cement and mineral sector, providing high-precision machinery through to final assembly.
AH Industries has a total of more than 300 employees, working at production sites in Ribe, Horsens, Denmark and Ningbo, China, and the company head office in Vejle, Denmark.
Kim Kronborg Christiansen is former CEO, Global Castings A/S 2013-16, SVP, Vestas Manufacturing A/S 2007-13 and CTO, Brdr. Hartmann A/S 2005-07.