Closing of divestment majority industrial connectivity activities by TKH
Press Release
Haaksbergen, the Netherlands
15 Aug 2019
TKH Group NV ('TKH') announces that the divestment of the majority of its industrial connectivity activities to the Dutch private equity company Torqx Capital Partners ('Torqx'), which was announced on 16 July 2019, has been closed.
The activities will be continued by a newly established company under the name Cable Connectivity Group, in which TKH acquires a minority interest of 44%.
The turnover from the divested activities in 2018 totalled € 183.7 million with a workforce of 606 FTE.