TKH acquires JCAII

Acquisition complements TKH’s CEDD Connectivity Technology

TKH Group N.V. ("TKH") announces that it has acquired 100% of the shares in JCAI Inc (“JCAII”). JCAII offers state-of-the-art guidance software and equipment that provides airports with the tools needed to ensure the aircraft is directed automatically over the tarmac, allowing for maximization of throughput, whilst balancing safety. JCAII has established a strong track record in the airport de-icing area, its patented technology coordinating visual guidance, real time data and operational messaging to both flight and ground crew. JCAII’s software is currently deployed across many airports as well as airlines.

JCAII is based in Toronto, Canada and employs 35 people of which the majority is related to R&D and software development. The annual turnover of JCAII amounted to CAD 13.7 million, with 25% of turnover derived from recurring software sales. JCAII will be able to take advantage of as well as accelerate the growth of the advanced TKH CEDD connectivity technology especially in the North American market. TKH finances the transaction from existing resources. The transaction is expected to have a positive effect on TKH's earnings per share as per 2024.

Alexander van der Lof, CEO of TKH Group: “JCAII has established a strong track record in the aviation industry with its groundbreaking guidance software and hardware, which fully complement TKH’s proprietary CEDD connectivity technology. Through the combination of JCAII’s activities with TKH we will be able to boost the growth of both JCAII and the TKH CEDD connectivity technology. We look forward to working together to increase the efficiency and safety of the aviation community.”

Jeff Campbell, President of JCAII: “We are excited to work together with TKH, to continue to fulfill our roadmap of equipping the aviation industry with the most advanced technological infrastructure. The combined technological and commercial resources will bring innovative technologies to the market faster and to the appropriate scale through integrated solutions that automate and allow for safer and more efficient airport and airline operations.”

Haaksbergen, January 24, 2024