Closing of divestment remaining stake in Cable Connectivity Group

TKH Group NV (“TKH”) announces that the divestment of its minority 41.5% stake in the Cable Connectivity Group (“CCG”), which was announced on November 8, 2022, has been closed.

CCG is acquired by Infinite Electronics, a US-based leading global supplier of electronic components. The transaction results in a one-off net profit contribution of € 36 million for TKH in the first quarter of 2023.

Haaksbergen, February 1, 2023

The complete press release can be downloaded in PDF

Press release TKH - Closing CCG divestment

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