Rheinhold & Mahla GmbH (R&M) is a leading industrial services provider for the interior outfitting of ships. The company is active in the fields of new and renovated ships and ship maintenance. R&M covers the complete value chain from engineering and project management to installation and assembly, as well as repair services. Unlike many of its competitors, R&M has in-house manufacturing facilities to produce components such as doors, floors, walls and ceilings as well as cabins and cabin sections (e.g. wet rooms). The company’s activities extend to nearly all parts of a ship (cabins, public areas, crew areas, engine rooms). The focus is on interior outfitting for cruise ships and ferries, special purpose vessels and freighters, as well as the offshore market. R&M has production sites in Germany (Wismar) and in China (Kunshan), as well as project offices and service centres worldwide. In recent years, R&M has expanded its portfolio through the acquisition of smaller companies, for example in the area of air conditioning and ventilation. In addition to that, the company’s presence in the Asian market, which is experiencing attractive growth, was expanded through two strategic partnerships with Chinese shipyards.

R&M mainly serves the cruise ship market, which is experiencing structural growth. The company’s strong market position and growth opportunities through geographical expansion, the broadening of its product range and the expansion of the service business constitute a good basis for a successful investment. The industrial services business is one of the core sectors in which we have extensive investment experience.

R&M realised a double-digit topline growth in 2019, which was mainly driven by the strong performance of the Chinese and European business.

For 2020, R&M expects to benefit from the positive long-term market environment, reflected by its strong order book. The management aims to untap further growth potential in the promising Chinese cruise ship market through its joint venture and strategic co-operations.