R&S Group to acquire Kyte Powertech from MML for €250m.

R&S Group, a provider of electrical infrastructure components in focus markets in Europe and the Middle East, agreed to acquire Kyte Powertech, a manufacturer of distribution transformers, from MML, a private equity firm, for €250m ($276m). “M&A is a strategic pillar of the R&S Group roadmap. Combining with a leader in additional markets which R&S Group is currently not serving, will strengthen the combined group and management capabilities. We are gaining in our product offering and technical expertise," Markus Laesser, R&S Group CEO.