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News
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.