TKH acquires Commend AG

TKH Group NV (“TKH”) announces that it has reached agreement on the acquisition of 100% of the shares in Commend AG, with offices in Zurich and Geneva districts (Switzerland). Commend AG is the value added reseller in Switzerland of Austria based Commend Group, which was acquired by TKH in 2015.

With this acquisition, TKH expands its geographical position in Switzerland and acquires a strong position for mission critical communication systems in the Swiss market.

With 24 employees, Commend AG realizes an annual turnover of € 7.7 million. The activities of Commend AG will strengthen TKH’s sub-segment vision & security systems and will contribute to the profitability of the business segment Building Solutions.

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 2019.