A global leader in the design and manufacture of gas control, measurement and analysing equipment

RMG was acquired by Triton Fund I in March 2005

RMG has a reputation as a world leader in the design and manufacture of gas control, measurement and analyzing equipment. Founded in 1908, it is one of a few companies in the world to provide a full range of solutions to the transportation, distribution and industrial consumption segments of the natural gas market.

Triton acquired RMG from IWKA, a listed German industrial conglomerate that wanted to dispose of non-core assets. Triton recognized RMG’s growth potential and the operational and structural improvements that could be implemented to improve margins and increase the company’s global footprint. The appointment of a new CEO, CFO and COO ensured the acceleration of the efficiency improvement programme. Four add-on acquisitions were completed, adding a lower price regulator to RMG’s product range and provided RMG the entry into the US market, the world largest market for natural gas equipment. The execution of a strategic campaign increased RMG’s international franchise, including entry into the Indian and Chinese markets.

At a glance
Country
Germany
Fund
TRITON I
Investment date
March 2004
Realised
August 2009
Sector
Industrials
Company website
Key events since Triton's investment
  • Improved margins through efficiency improvement programme
  • Completed four add-on acquisitions, execution of a strategic campaign to increase global footprint
  • Appointed new management