TKH Group NV has entered into an agreement with Torqx Capital Partners to create NewCo, a new entity that will consolidate key businesses in the cable connectivity sector across multiple European countries.

Target Company Overview

TKH Group NV has finalized an agreement with the Dutch private equity firm Torqx Capital Partners to establish a new entity, referred to as NewCo. This entity will acquire the shares of several key industrial connectivity operations within the TKH portfolio, primarily aimed at enhancing cable connectivity solutions.

The acquisition includes several prominent operating companies, namely Jobarco BV, Pantaflex BV, and Capable BV located in the Netherlands, TKD Kabel GmbH and Schrade Kabel & Elektrotechnik GmbH in Germany, TKH Kabeltechniek Sp. z.o.o. in Poland, and KC Industrie Srl in Italy. These businesses represent a strategic collection of assets that will significantly empower the newly formed Cable Connectivity Group.

Industry Overview in the Target's Specific Country

The industrial connectivity sector in the Netherlands has seen considerable growth, driven by increased demand for high-quality cable solutions across various industries, includin