M&A Activity • Jun 2, 2016
M&A Activity
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TKH Group N.V. (TKH)
TKH Group NV ("TKH") announces that it has reached agreement with HELLA KGaA Hueck & Co. ("HELLA") from Germany concerning the proposed acquisition of the HELLA Airport Lighting business. The activities to be acquired comprises a market leading Airfield Ground Lighting ("AGL") portfolio based on innovative LED technology. The acquisition strengthens the strategic activities of TKH in its vertical growth market Tunnel & Infra. TKH and HELLA have already been successfully cooperating in the development and design of the CEDD (Contactless Energy & Data Distribution) technology of TKH, whereby the lighting fixtures of HELLA are part of the solution.
TKH intends to takeover the operating side in Nykøbing Falster (Denmark) and main assets from HELLA in Lippstadt (Germany), including intellectual property rights for AGL products. The envisaged acquisition comprises an annual turnover of € 7 million with approximately 40 FTE.
The HELLA Airport Lighting activities will be part of TKH's sub segment connectivity systems, within the business segment Building Solutions. The transaction, which is expected to be closed in the third quarter of 2016, will be financed from existing resources.
Haaksbergen, 2 June 2016
Executive Board
For additional information: J.M.A. van der Lof MBA, Chairman of the Executive Board tel. +31(053) 5732903 Websites: www.tkhgroup.com www.hella.com/airportlighting
| 16 August 2016 |
Publication interim results 2016 |
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| 3 November 2016 | Trading Update Q3 2016 |
Technology firm TKH Group NV (TKH) is an internationally operating group of companies that specializes in developing and delivering innovative Telecom, Building and Industrial Solutions. In doing so, TKH contributes to a safe environment and efficient, reliable processes for its customers.
The TKH core technologies -vision & security, communication, connectivity and manufacturing systems- are linked into total systems and solutions in our three Solutions segments. In this, we strive for far-reaching synergy and co-operation between our subsidiaries.
TKH has a thorough knowledge of processes and technologies, as well as insight into its customers' markets and processes. We offer our customers tailor-made solutions by making optimal use of our specialists' know-how in the fields of R&D, engineering, marketing, process development, project management and logistics.
TKH strives for strong market positions based chiefly on its own high-quality technologies and services, with an extensive regional and international spread. TKH and its subsidiaries operate on a global scale. Its growth is concentrated in Europe, North America and Asia. Employing 5,387 people, TKH achieved a turnover of € 1.4 billion in 2015.
HELLA is a global, family-owned company, listed on the stock exchange, with approx. 32,000 employees at over 100 locations in more than 35 countries. The HELLA Group develops and manufactures lighting technology and electronic components and systems for the automotive industry and also has one of the largest retail organizations for automotive parts, accessories, diagnostics, and services within Europe. Complete vehicle modules, air-conditioning systems, and vehicle electrical systems are also produced in joint venture companies. With more than 6,000 people working in research and development, HELLA is one of the most important innovation drivers on the market, with sales of € 5.8 billion in fiscal year 2014/2015.
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