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TKH sells its 5.06% interest in Nedap

Technology company TKH Group NV (‘TKH’) announces that it sells its 5.06% interest in N.V. Nederlandsche Apparatenfabriek (‘Nedap’) to funds managed by Teslin Capital Management B.V. (‘Teslin’).

The divestment of the interest is linked to TKH’s further focus on its core technologies in conjunction with the 7 vertical growth markets. TKH has acquired this interest in 2010, and has always indicated to respect Nedap's independent course.

The transaction results in a one-off net-income of € 5.8 million.