Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

TKH GROUP (TWEKA)

Delayed Quote. Delayed  - 02/12 04:32:16 am
30.095 EUR   +1.30%
02/03 Empire State Realty Trust and Marmot to Ring the NYSE Opening Bel..
02/02 TKH : Launch of the VMI MILEXX: a new dawn for truck tire building
01/08 COOPER : Declares Cash Dividend
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
02/03 Empire State Realty Trust and Marmot to Ring the NYSE Opening Bell | Empire S..
02/02 TKH : Launch of the VMI MILEXX: a new dawn for truck tire building
01/08 COOPER : Declares Cash Dividend
2015 TKH : Thermal Aerial Images from Allied Vision cameras
2015 TKH : Self-Regulatory Organizations; NYSE MKT LLC; Notice of Filing of Proposed ..
2015 COOPER : to Present at J.P. Morgan Healthcare Conference
2015 TKH : portfolio successfully applied in Belgian market
2015 COOPER : to Present at Oppenheimer Conference
2015 ASCENT SOLAR TECHNOLOGIES : Selected as Constituent of the NYSE-Listed Ocean Tom..
2015 TKH : Self-Regulatory Organizations; NYSE MKT LLC; Notice of Filing and Immediat..
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials