TKH strengthens its position in vision technology

TKH Group NV ("TKH") announces that it has reached agreement on the acquisition of 100% of the shares in SVS-Vistek GmbH (“SVS-Vistek”), a vision technology company providing innovative high-end technologies for imaging systems, located in Seefeld (Germany).

SVS-Vistek primarily serves the industrial markets, offering machine vision solutions for inspection, measurement and process control and fulfils demanding requirements of a variety of end markets, including flat panel display, semiconductor, electronics, automotive and intelligent traffic systems.

Alexander van der Lof, CEO of TKH: “SVS-Vistek offers an interesting portfolio of high-end vision technologies that perfectly fit TKH’s technologies in the field of vision & security. The combination will generate synergies and accelerate growth, especially in our vertical growth market Machine Vision. Our joint technical expertise and know-how will support TKH’s strategy on focussing towards technological leadership.”

Walter Denk, CEO of SVS-Vistek: “The acquisition by TKH is an excellent move for SVS-Vistek to continue our expansion strategy, based on high-end product innovation for attractive niches and extension of the market coverage. We see a perfect match with TKH to combine our strengths to accelerate growth together with complementary technologies and the leverage of the international geographical footprint of TKH.”

With 60 employees, SVS-Vistek realises an annual turnover of about € 20 million. The activities of SVS-Vistek will be part of TKH’s subsegment vision & security systems, within the business segment Building Solutions.

The acquisition of SVS-Vistek is expected to be closed in the third quarter of 2019. The acquisition will contribute to the earnings per share of TKH as of the closing date.

TKH strengthens position in vision technology

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