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TKH Group reaches final agreement on acquisition CAE Groupe

Further to the press release dated 20 July 2007, TKH announces that final agreement has been reached on the acquisition of 100% of the shares in CAE Groupe, based in France.

CAE Groupe is active in ICT and electro-technical solutions in the TKH sectors Building and Industrial Solutions. In 2006, CAE Groupe booked turnover of € 122.1 million and a normalised operational result (EBIT) of € 12 million. CAE has 300 employees.

 

The management of CAE Groupe will be continued in its current form and will be lead by Mr. O. Frias, CAE Groupe’s CEO. Mr. Frias will also be appointed as a member of the strategic committee of the TKH group.

 

For this acquisition, TKH issues 400,000 (1.14%) new (certificates of) shares, which will be placed against CAE Groupe’s shares with the management and the other former shareholders of CAE Groupe.

 

The acquisition of CAE Groupe will have a positive impact on TKH’s earnings per share in the second half of 2007.