TKH increases shareholding in Augusta to 91%

TKH Group NV (NYSE Euronext Amsterdam, AMS: TWEKA - "TKH") announces that agreement has been reached to increase its stake in Augusta Technologie AG (ISIN DE000A0D6612/WKN A0D 661 - "Augusta"), through a 100-percent subsidiary, to approx. 91% of all outstanding shares (excluding treasury shares).

The increase of the stake follows the acquisition of the majority stake (62.34% (excluding treasury shares)) in Augusta since 2012. TKH seeks full integration to achieve a further acceleration in the cooperation between the vision technology companies within the TKH Group and Augusta and to define a joint strategy.

Alexander van der Lof, CEO of technology company TKH: "Acquiring this additional stake in Augusta is an important step for TKH in the realization of its strategy. The vision technology offers many opportunities for growth and anticipates on a number of important trends for increasing quality, safety and efficiency in a wide range of applications and end markets.”

TKH will finance the acquisition of the additional stake in Augusta from existing credit facilities.

Latest news

Financial news
Completion share buyback TKH
Read more
Publication Annual Report 2020
Read more
Annual results 2020
Read more