The objectives are to accelerate growth in France and international expansion both organically and through build-ups, to increase digitalization, develop activities on selected markets bringing more value to customers and better address high potential trends as the Power over Ethernet (PoE).

Argos Wityu has provided its commitment to TKH Group, a technology company listed on Euronext Amsterdam, to become majority shareholder of TKH France and its two subsidiaries, CAE Data SAS and ID Cables SAS. TKH Group will become a 40% shareholder in the newly formed entity. This acquisition marks Argos Wityu’s seventh investment by its Mid-Market fund VIII.

The transaction is expected to close in Q3 2023, subject to the customary employee information and consultation procedures in France as well as necessary regulatory antitrust filings.

TKH France designs and distributes cabling and connectivity solutions addressing notably the smart building (tertiary & residential), industrial, marine & offshore, nuclear & infrastructure, healthcare and entertainment markets. With a turnover of €129.3 million in 2022 and 186 FTE, TKH France is the leading provider of cabling and connectivity solutions in France. The group’s value-added lies notably in its flexibility to design customized solutions with a short go-to-market. Moreover, TKH France enjoys a high product quality, excellence of service, a strong customer experience and best-in-class operations. In particular, the one-stop-shop characteristic relies on more than 12 000 references with strong technical and quality standards.

Thomas Ribéreau, Partner at Argos Wityu said “Argos Wityu is proud to have been chosen by TKH Group to further develop this very successful French connectivity solutions company. We are pleased that TKH Group will remain invested in the operations. We will strive to preserve the group’s DNA, developing its market-leader identity and the added value brought to its clients through its strong offer of products and services, and to structure its growth.”

Alexander van der Lof, CEO of TKH Group added: “With the announcement of this intended substantial divestment a next milestone in the roll out of our Accelerate 2025 strategy is reached. The value creation potential with a buy and build strategy for this activity can best be realized outside the TKH Group and we firmly believe that private equity firm Argos Wityu will bring the right experience and necessary focus to grow these activities into the next stage. For TKH, this divestment allows us to put further strategic focus on our differentiating and innovative power in smart technologies to drive added value at higher levels. By reinvesting part of the proceeds for a 40% share, TKH has the opportunity to further benefit from the value creation potential in the near future. TKH will continue to be active in France within Smart Connectivity systems with fibre optic network solutions under the brand TKF Telecom.”

Argos Wityu team: Thomas Ribéreau, Vincent Yacoub, Pierre Cassignol and Stanislas Guichot-Pérère