Member access

4-Traders Homepage  >  Shares  >  Euronext Amsterdam  >  TKH GROUP    TWEKA   NL0000852523

TKH GROUP (TWEKA)

17
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

TKH GROUP : Important strategic expansion for TKH in security systems

03/12/2012 | 03:00am US/Eastern
Recommend:
0
Important strategic expansion for TKH in security systems TKH has reached agreement on the acquisition of 100% of the shares in Aasset Security International (Aasset), headquartered in Paris (France), with its subsidiaries Aasset France and Aasset Germany, and branches in Italy and UK.

Aasset is a leading provider of security solutions and video surveillance and offers added-value services such as designing of architectures, development of specialized software and sourcing of equipment. The company is one of Europe's leading distributors of CCTV products. In France and Germany Aasset has a top 3 position in CCTV distribution.

Alexander van der Lof, CEO TKH: "This acquisition accelerates TKH's strategic growth strategy in the security segment. Aasset has a strong market position in France and Germany. Aasset's brand portfolio includes the brand name GRUNDIG in the German market and TKH will further position this brand within Europe. In addition, Aasset's access to the total TKH portfolio creates interesting growth potential for both Aasset and TKH."

Yoram Assous, CEO Aasset: "The techniques and knowledge of the security systems of TKH are of strategic importance for Aasset. As a member of TKH, we will be able to provide complete security solutions to our customers. Besides, TKH can take advantage of our strong network of relationships, which we built since our establishment almost 30 years ago.'

The activities of Aasset will be integrated in the sub-segment security systems, which is part of TKH's Building Solutions. Aasset has 88 employees (FTE) and an annual turnover of € 35 million.

This acquisition is in line with TKH's objective to increase the turnover generated by the security solutions to 20% of the total turnover.

TKH finances the transaction from existing resources and expects that the acquisition will have a positive effect on TKH's earnings per share as from the second quarter 2012.

Recommend :
0
React to this article
Latest news on TKH GROUP
6d ago INTERCONTINENTAL EXCHANGE : Self-Regulatory Organizations; NYSE Arca, Inc.; Noti..
09/19 TKH : Axway -Deadline Fast Approaching for Pharmaceutical Supply Chain Organizat..
09/19 TKH : London Metal Exchange Paul MacGregor has been
09/15 TKH : Self-Regulatory Organizations; NYSE MKT LLC; Notice of Filing and Immediat..
09/11 TKH : Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immed..
09/11 TKH : Self-Regulatory Organizations; NYSE MKT LLC; Notice of Filing and Immediat..
09/11 ORACLE : Axway Accounting Integration Suite Achieves Oracle Exadata Optimized St..
09/11 TKH : Axway Controlled Substance Ordering System Hosted on Axway Cloud Provides ..
08/28 TKH : Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a..
08/19 TKH : books sharp rise in profit (Half year results 2014)
Advertisement
Chart
Duration : Period :
TKH GROUP Technical Analysis Chart | TWEKA | NL0000852523 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF