TKH Group NV (“TKH”) announces that it has reached agreement with HELLA KGaA Hueck & Co. (“HELLA”) from Germany concerning the proposed acquisition of the HELLA Airport Lighting business.
The activities to be acquired comprises a market leading Airfield Ground Lighting (“AGL”) portfolio based on innovative LED technology. The acquisition strengthens the strategic activities of TKH in its vertical growth market Tunnel & Infra. TKH and HELLA have already been successfully cooperating in the development and design of the CEDD (Contactless Energy & Data Distribution) technology of TKH, whereby the lighting fixtures of HELLA are part of the solution.
TKH intends to takeover the operating side in Nykøbing Falster (Denmark) and main assets from HELLA in Lippstadt (Germany), including intellectual property rights for AGL products. The envisaged acquisition comprises an annual turnover of € 7 million with approximately 40 FTE.
The HELLA Airport Lighting activities will be part of TKH’s sub segment connectivity systems, within the business segment Building Solutions.
CASE Corporate Finance acted as sole financial advisor to TKH on the acquisition of HELLA Airport Lighting