TKH strengthens its position in vision technology

TKH Group NV ("TKH") announces that it has reached agreement on the acquisition of 100% of the shares in SVS-Vistek GmbH (“SVS-Vistek”), a vision technology company providing innovative high-end technologies for imaging systems, located in Seefeld (Germany).

SVS-Vistek primarily serves the industrial markets, offering machine vision solutions for inspection, measurement and process control and fulfils demanding requirements of a variety of end markets, including flat panel display, semiconductor, electronics, automotive and intelligent traffic systems.

Alexander van der Lof, CEO of TKH: “SVS-Vistek offers an interesting portfolio of high-end vision technologies that perfectly fit TKH’s technologies in the field of vision & security. The combination will generate synergies and accelerate growth, especially in our vertical growth market Machine Vision. Our joint technical expertise and know-how will support TKH’s strategy on focussing towards technological leadership.”

Walter Denk, CEO of SVS-Vistek: “The acquisition by TKH is an excellent move for SVS-Vistek to continue our expansion strategy, based on high-end product innovation for attractive niches and extension of the market coverage. We see a perfect match with TKH to combine our strengths to accelerate growth together with complementary technologies and the leverage of the international geographical footprint of TKH.”

With 60 employees, SVS-Vistek realises an annual turnover of about € 20 million. The activities of SVS-Vistek will be part of TKH’s subsegment vision & security systems, within the business segment Building Solutions.

The acquisition of SVS-Vistek is expected to be closed in the third quarter of 2019. The acquisition will contribute to the earnings per share of TKH as of the closing date.