Fernweh Group completed the acquisition of a 60% stake in AIS Investment Holdings from AZZ for $300m.

Fernweh Group, a principal investment firm, completed the acquisition of a 60% stake in AIS Investment Holdings, a provider of specialized products and solutions designed to support industrial and electrical applications, from AZZ, an electrical equipment manufacturing company, for $300m. "We are excited by the opportunity to acquire a majority stake in AIS and look forward to working with management to continue to strengthen and grow the business. The company has a range of strategic growth opportunities in energy, infrastructure, data center, and other sectors, as well as unique capabilities to support marquee customers in these end markets. The acquisition is aligned with Fernweh's investment thesis in the industrials sector and will be a strategic platform on which to build a major electrical and industrial business. We look forward to welcoming the AIS colleagues to the Fernweh family and establishing a long and fruitful partnership with Tom, and the AZZ team," Nick Santhanam, Fernweh Group CEO.