TKH Group N.V. — M&A Activity 2025

Apr 28, 2025

TKH

TKH GROUP N.V. – PRESS RELEASE

TKH divests Dewetron as part of its focus program

TKH Group NV (“TKH”) announces the divestment of Dewetron GmbH (“Dewetron”) to Japanese ANRITSU CORPORATION (“ANRITSU”). Dewetron is active in the development, manufacturing, sale and service of high-end electrical measurement instruments such as power analyzers and data recording devices. The turnover of Dewetron, part of TKH’s Smart Manufacturing segment, totaled €29.4 million in 2024, with an EBITA of €3.0 million and 147 FTE. Dewetron is headquartered in Grambach, Austria, where the main production facilities are located, and operates across Europe, North America and Asia.

The total consideration for Dewetron amounts to €54 million, resulting in a one-off net profit contribution of about €36 million. The transaction is subject to regulatory approval and is expected to be closed within 3 months. Dewetron was marked as an asset held for sale on 31 December 2024.

Alexander van der Lof, CEO of TKH Group: “The divestment of Dewetron is part of TKH’s strategic focus program. We believe that Dewetron is well positioned to achieve its next stages of growth within the well suited environment of test and measurement equipment of ANRITSU”.

Hirokazu Hamada, CEO of ANRITSU: “With this acquisition of Dewetron, ANRITSU will be able to expand its business in the growing market for EV/Battery testing. Also, Dewetron can expect further market share growth through ANRITSU’s strong sales channels, especially in Asian markets. Both companies will work together to accelerate their vision of becoming global market leaders in the Test and Measurement field”.

Haaksbergen, April 25, 2025

For further information:

Jacqueline Lenterman
Investor Relations
j.lenterman@tkhgroup.com
Tel: +31(0)53 5732901

Financial calendar

May 13, 2025 Market Update Q1 2025
May 15, 2025 General Meeting of Shareholders
May 19, 2025 Ex-dividend date
May 20, 2025 Dividend record date
May 23, 2025 Payment of dividend
August 12, 2025 Publication Interim Results 2025
September 25, 2025 Capital Markets Day
November 11, 2025 Market Update Q3 2025

SMART TECHNOLOGIES

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TCH

About TKH

TKH Group N.V. (TKH) is a leading technology company. We specialize in the creation of innovative, client-centric technology systems that drive success in automation, digitalization, and electrification. By integrating hardware, software, and customer-focused insight, our smart technologies provide unique answers to customers' challenges. In doing so, we work to make the world better by creating ever more efficient and more sustainable systems.

With close to 7,000 employees, TKH pursues sustainable growth in a culture of entrepreneurship, working closely with customers to create one-stop-shop, plug-and-play innovations combined with software for Smart Vision, Smart Manufacturing, and Smart Connectivity technology.

Listed on Euronext Amsterdam (TICKER: TWEKA), we operate globally and focus our growth across Europe, North America, and Asia. For further information, please visit www.tkhgroup.com.

About ANRITSU

ANRITSU CORPORATION (www.anritsu.com), a global provider of innovative communications test and measurement solutions, and also solutions for the quality assurance of food and pharmaceuticals for 130 years. Anritsu's philosophy engages customers as true partners to help develop wireless, optical, microwave/RF, and digital solutions for R&D, manufacturing, installation, and maintenance applications, as well as multidimensional service assurance solutions for network monitoring and optimization. Anritsu also provides inspection systems for Products Quality Assurance. The company develops advanced solutions for 5G, IoT, Data Center and EV/Battery. With offices throughout the world, Anritsu has approximately 4,000 employees.

Disclaimer

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. Forward-looking 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.

SMART TECHNOLOGIES