Netherlands firm H2 Equity Partners has acquired rooflight and ventilation specialists JET Group and PR Group, to create a pan- European leader in the sector.
H2 is to acquire 100 per cent of both companies, which were part of the European rooflight and ventilation arm of building materials group CRH.
JET and PR develop daylight and smoke mad heat exhaust ventilation products and services throughout Europe, with manufacturing and assembly operations in Germany, the Benelux and the UK. Products include standard domes, continuous rooflights and glass rooflight products. Together, the two groups posted revenues of €100m in 2010.
The companies in the acquired group stand to benefit from shared product technologies and reduced costs.
With offices in Amsterdam, Munich and London, H2 focuses on turnaround and growth investments in mid-sized companies in the Benelux, German and UK markets.
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