Regulatory Filings • Feb 2, 2023
Regulatory Filings
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TKH Group NV ("TKH") announces that the divestment of its minority 41.5% stake in the Cable Connectivity Group ("CCG"), which was announced on November 8, 2022, has been closed.
CCG is acquired by Infinite Electronics, a US-based leading global supplier of electronic components. The transaction results in a one-off net profit contribution of € 36 million for TKH in the first quarter of 2023.
Haaksbergen, February 1, 2023
For further information: Jacqueline Lenterman Investor Relations [email protected] Tel: +31(0)535732903
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TKH Group NV (TKH) is a leading technology company focused on advanced innovative technology systems in high-growth markets.
Our mission is to create best-in-class technologies in the field of Smart Vision systems, Smart Manufacturing systems, and Smart Connectivity systems. TKH aims to create sustainable value for all its stakeholders and provides disruptive technologies that improve efficiency, sustainability, safety, and security.
The technologies are combined with internally developed software to create Smart Technologies and one-stop-shop solutions with plug-and-play integrated systems. TKH employs over 6,000 FTE employees and operates globally, with its growth concentrated in Europe, North America, and Asia.
TKH is listed on Euronext Amsterdam with the ticker symbol TWEKA. TKH reports in three segments: Smart Vision systems, Smart Manufacturing systems, and Smart Connectivity systems.
For further information, please visit www.tkhgroup.com.
Statements included in this press release that are not historical facts (including any statements concerning investment objectives, other plans and objectives of management for future operations or economic performance, or assumptions or forecasts related thereto) are forward-looking statements. These statements are only predictions and are not guarantees. Actual events or the results of our operations could differ materially from those expressed or implied in the forward-looking statements. Forwardlooking statements are typically identified by the use of terms such as "may," "will", "should", "expect", "could", "intend", "plan", "anticipate", "estimate", "believe", "continue", "predict", "potential" or the negative of such terms and other comparable terminology.
The forward-looking statements are based upon our current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, our actual results and performance could differ materially from those set forth in the forward-looking statements.
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