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TKH acquires VDG Security

TKH announces that it has reached agreement regarding the acquisition of VDG Security BV, based in Zoetermeer. VDG Security is a producer and distributor of high quality camera systems. It has a growing position in the video observation market in Europe. Through its in-house R&D VDG Security can offer tailor-made solutions.

VDG Security’s security solutions consist of flexible video management systems with integrated video algorithms, including  face-, license plate-, object- and scène recognition. The platform DIVA (Digital Intelligent Video Architecture) developed by VDG Security consist of open (IP) video management-software with integrated analysis tools.

 

The acquisition of VDG Security fits TKH’s aim to further increase the proportion of security solutions in TKH’s overall turnover to 20%.

 

VDG Security employs 31 people (FTE) and books an annual turnover of € 6 million. The activities will be incorporated in TKH’s security cluster, which is part of the business segment Building Solutions.

 

The acquisition of VDG Security will have a positive impact on TKH’s earnings per share as per the fourth quarter of 2008. The acquisition will be financed from TKH’s available resources.

 

Haaksbergen, 31 October 2008


 

For the complete press release, we refer to the PDF document

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