M&A Activity • Jul 6, 2007
M&A Activity
Open in ViewerOpens in native device viewer
Press release TKH Group N.V. (TKH)
TKH announces that it has reached agreement on the expansion of its 30% minority stake in New Electronic Technology (NET) GmbH in Germany to a majority stake of 84%. NET provides high-grade camera systems for solutions in the industrial, medical and research sectors and is market leader in Germany in the segments in which it operates.
TKH holds its minority stake in NET since 2004. With the expansion of this stake, the TKH group s portfolio for camera systems gets a boots. NET s know-how can be deployed effectively in the expansion of the activities in the security segment which TKH has identified as a growth segment. The technology developed and deployed by NET is distinctive due to its innovative camera solutions and high-quality image transmission, combined with software to analyse images.
NET realises more than 57% of its turnover in Germany. In addition to the main operation in Germany, NET also has operations in the United States and Japan. NET has 28 employees (FTEs) and realises annual turnover of around 17 million.
The acquisition of NET will make a positive contribution to TKH s earnings per share as from the second half of 2007. NET will become part of the Industrial Solutions segment within the Technical Trading group of TKH. The acquisition will be financed from available resources.
Haaksbergen, 6 July 2007
Executive Board
For more information: J.M.A. (Alexander) van der Lof, Chairman of the Executive Board tel. + 31 (0) 53 5732901
Websites: www.tkhgroup.com www.net-gmbh.com
Agenda
31 August 2007 Publication of first-half 2007 results 22 November 2007 Trading update Q3 2007
TKH Group NV (TKH) is an internationally operating group of companies that as a solution supplier has 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 it is the solutions that 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 38 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.
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.