Member access

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

TKH GROUP (TWEKA)

18
Delayed Quote. Delayed Euronext Amsterdam - 12/18 07:13:19 am
25.675 EUR   +1.48%
11/05 TKH : New York deal helps Intercon
09/19 TKH : Axway -Deadline Fast Approaching for Pharmaceutical Supply Cha..
09/19 TKH : London Metal Exchange Paul MacGregor has been
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

TKH GROUP : Important strategic expansion for TKH in security systems

03/12/2012 | 03:00am US/Eastern
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.

React to this article
Latest news on TKH GROUP
12/10 EURONEXT : Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE MKT ..
11/05 TKH : New York deal helps Intercon
10/29 TKH : Self-Regulatory Organizations; NYSE Arca, Inc.; Order Disapproving a Propo..
10/22 EURONEXT : Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of..
10/22 TKH : Self-Regulatory Organizations; NYSE MKT LLC; Notice of Filing of Proposed ..
10/22 TKH : Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Propos..
10/19 ASTERIAS BIOTHERAPEUTICS : Gets Approval to List Stock on NYSE MKT
10/15 ASTERIAS BIOTHERAPEUTICS : to List its Series A Common Stock on NYSE MKT
10/08 REXAM : Constellium awarded multi-year contract by Rexam to convert Spanish can ..
10/07 TKH : Self-Regulatory Organizations; NYSE Arca, Inc.; Order Granting Approval of..
Advertisement
Chart
Duration : Period :
TKH GROUP Technical Analysis Chart | TWEKA | NL0000852523 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF