TKH Group N.V.

Report Publication Announcement • Jul 16, 2024

TKH divests EKB

TKH Group NV ("TKH") announces the divestment of EKB Groep BV ("EKB") to Eiffage Énergie Systèmes, the Eiffage Group's energy systems business. EKB holds a strong position in both panel building and industrial automation in the process and manufacturing industries. The turnover of EKB, part of TKH's Smart Manufacturing segment, totaled €35.5 million in 2023 with an EBITA of €2.6 million and 199 FTE; EKB operates mainly in The Netherlands. This acquisition consolidates the expertise in industrial automation of Eiffage Énergie Systèmes in the Netherlands, critical for meeting the growing demand induced by the energy transition and digitalization.

The divestment of EKB will result in a one-off net profit contribution of about € 11 million for TKH. The transaction is subject to further regulatory approval and is expected to be closed in Q3 2024.

Alexander van der Lof, CEO of TKH Group: "The divestment of EKB is part of TKH's Accelerate 2025 strategy, in which we focus on higher return on sales activities through differentiating proprietary technologies. For EKB, we believe that the next stage of growth can be best achieved outside of TKH. With their complementing activities, Eiffage offers a perfect environment for EKB to achieve the next phase of growth."

Ludovic Duplan, Chairman of Eiffage Énergie Systèmes: "EKB's expertise, high quality service levels and strong position in the Dutch industrial automation market enables the strengthening of Eiffage Énergie Systèmes' ability to offer digital solutions to support our customers' industrial processes."

Haaksbergen, July 16, 2024

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

Financial calendar

August 13, 2024 Publication Interim Results 2024 November 12, 2024 Market Update Q3 2024

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 more than 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 Eiffage Énergie Systèmes

Eiffage Énergie Systèmes designs, builds, operates and maintains electrical, industrial, HVAC and energy systems and facilities while respecting people and protecting the environment. Eiffage Énergie Systèmes provides a customised offer for the industrial, infrastructure and network markets, local authorities and the commercial sector. Eiffage Énergie Systèmes generated revenue of €5.9 billion in 2023.

Disclaimer

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