TKH Group NV announces that it has reached agreement with Dutch private equity company Torqx Capital Partners (‘Torqx’) about the creation of a NewCo that will take over the shares of a major part of the TKH industrial connectivity activities.
Torqx Capital Partners will take the driving seat to develop the newly formed Cable Connectivity Group in a coherent group of businesses active in the production, distribution and assembly of cable connectivity solutions, while TKH will remain involved as a minority shareholder. Torqx and TKH see good opportunities to realize commercial synergies between the operating companies and to accelerate sales of the group.”
Nielen Schuman acts as financial advisor to Torqx Capital Partners.
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