TKH N : Closing of the Divestment of HE System Electronic
June 03, 2024 at 06:30 am
Share
Closing of the Divestment of HE System Electronic
TKH Group N.V. ("TKH") announces the closing of the divestment of HE System Electronic GmbH ("HE") to Magna International Inc. ("Magna"), which was announced on May 15, 2024.
HE is active in the field of efficient electronic assemblies and power modules that are customized for the industrial and automotive market. In 2023, turnover at HE, which was part of TKH's Smart Manufacturing systems, amounted to
€ 20.7 million.
Haaksbergen, June 3, 2024
Attachments
Original Link
Permalink
Disclaimer
TKH Group NV published this content on
03 June 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
03 June 2024 05:29:02 UTC.
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. 
