Argos Wityu completed the acquisition of Tkh France Sas from TKH Group N.V.
September 29, 2023
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Argos Wityu agreed to acquire acquired Tkh France Sas from TKH Group N.V. (ENXTAM:TWEKA) for enterprise value of ?118 million on May 31, 2023. TKH France had a turnover of ?129.3 million, and EBITDA of ?19.6 million in 2022. The transaction is expected to close in H2 2023, subject to the customary employee information and consultation procedures in France as well as necessary regulatory antitrust filings. Emmanuel Picard and Fany Krieger of Ernst & Young Atlantique acted as Financial Due Diligence provider. Olivia Guillaume, Dominique Lecendreux, Serge Palleau, Philippe Rapin, and Edouard Verroust of Lincoln International SAS acted as Financial Advisor to TKH Group N.V. (ENXTAM:TWEKA). Julien Aucomte, and Laure Bonin of August Debouzy acted as legal advisor to Argos Wityu. Yam Atallah, Antoine Fouassier of Franklin & Associés acted as legal advisor to TKH Group N.V.
Argos Wityu completed the acquisition of Tkh France Sas from TKH Group N.V. (ENXTAM:TWEKA) in the third quarter of 2023.
TKH Group N.V. (TKH) is focused on high-end innovative technologies in high growth markets. Automation, digitalization, and electrification are the key drivers for the group's innovations.
Through a combination of technologies, TKH offers superior solutions that support to increase the efficiency, safety and security of its customers. The technologies are offered together with software to create smart technologies and one-stop-shop solutions with plug-and-play integrated systems for smart connectivity (42.7% of net sales; energy connectivity and fibre optic connectivity systems for data and communication networks), smart manufacturing (30.6%) and smart vision (26.7%; machine vision and security vision systems).
Net sales are distributed geographically as follows: the Netherlands (24.6%), Europe (38.8%), Asia (19.1%), North America (13%) and other (4.5%).
TKH GROUP N.V. 
