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RHI Magnesita announced a merger of its three Indian companies—Orient Refractories, RHI India and RHI Clasil—to consolidate its position in the Indian refractory market. The merger is subject to regulatory approval and expected to complete within 9-12 months.
RHI Magnesita acquired 100% of the shares of Agellis Group AB, a Swedish company specializing in advanced electromagnetic detection systems and IR technology, to extend its product range for steel and non-ferrous plants.
RHI announced that all merger clearances for its combination with Magnesita Refratários have been obtained, with the closing and first trading day on London Stock Exchange scheduled for late October 2017.