Regulatory Filings • Nov 20, 2007
Regulatory Filings
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Press Release TKH Group N.V. (TKH)
TKH reports that it has reached agreement on the acquisition of 92% of the shares in Pantaflex B.V. in Bergschenhoek (the Netherlands). Pantaflex is a value added reseller (VAR) and importer and supplier of electronic components, primarily in the field of cable, cable protection and cable connections.
Pantaflex's activities offer the TKH group the opportunity to strengthen the TKH portfolio. The existing portfolio of the Cable Group also represents an interesting addition to Pantaflex's market position in the industrial market. In particular, this will allow Pantaflex to respond to the growing need in this market for complete systems.
Pantaflex has seven employees (FTEs) and generates annual turnover of around € 6 million.
The acquisition of Pantaflex will make a positive contribution to TKH's earnings per share. Pantaflex will be incorporated in the Industrial Solutions segment within the TKH Cable group. The acquisition will be financed from available resources.
Haaksbergen, 20 November 2007
Executive Board
| For further information: | J.M.A. (Alexander) van der Lof, |
|---|---|
| Chairman of the Executive Board | |
| tel. +31 (0) 53 5732901 |
Internet sites: www.tkhgroup.com www.pantaflex.nl
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Technical solutions provider, TKH Group NV (TKH) is an internationally operating group of companies specialised in creating and supplying innovative Telecom, Building and Industrial Solutions.
The activities in the form of technologies, know-how, products and added value such as consulting, development, assembly and delivery of systems, form the building blocks for innovative solutions. These activities are concentrated in three groups: the Technical Trading Group, the Cable Group and the Machinery Group.
At TKH the solutions play the central role, not the kind of activity (group).
The Telecom Solutions consist of solutions ranging from basic infrastructure to home networking applications, for both the outdoor and indoor telecom (ICT) -markets.
The Building Solutions comprise solutions ranging from efficient electrical engineering to ICT systems for the health care sector. In this segment TKH concentrates on cable systems and networks, intercom systems, nurse paging systems, access control and electricity distribution.
The Industrial Solutions consist of advanced solutions for production automation, car and truck tyre building systems and industrial applications in the field of speciality cable and cable accessories.
The 43 companies in the TKH Group are active all over the world. Its growth is concentrated on North West and Eastern Europe and Asia. In 2006 TKH secured a turnover of € 686 million with 2,961 employees.
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