AURELIUS Equity Opportunities SE & Co. KGaA (XTRA:AR4) signed an agreement to acquire Hydro Precision Tubing Lichtervelde from Norsk Hydro ASA (OB:NHY) on July 2, 2021. As part of the change, Hydro Precision Tubing Lichtervelde will re-adopt the “Remi Claeys Aluminium” banner, referencing back to the name of its founder in 1949.

For the financial year ended on December 31, 2020 Hydro Precision Tubing Lichtervelde generated revenues of approximately €50 million. The transaction is expected to be completed in the third quarter of 2021. Hans Buysse, Elliott Nyssen, Thomas Rossaert, Joachim Vlaemminck, Albert Schander, Robin Waggenbrenner of Clairfield International acted as financial advisor to Norsk Hydro ASA.