In January, Søren Ravn, managing director and owner of Danish Sjølund Group, sold 51 percent of the company to the German private equity fund Deutsche Beteiligungs AG. The Kolding-based Sjølund Group has now acquired Estonian metal works company Cutform OÜ. Sjølund Group is a global company specialized in section bending of steel and aluminum profiles. Cutform OÜ employs 100 people and is a specialist in machining and fabrication of high-quality steel and aluminum components. Sjølund employs approx. 250 people after the acquisition.