TKH : sells activities in management and operations of parking facilities
March 31, 2016 at 03:30 am
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TKH Group NV ("TKH") today announces that it has reached agreement about the sale of its 51% stake in Parking & Protection B.V. ("P&P") to Interparking Netherlands B.V. in Rotterdam. P&P focuses on the management and operations of parking facilities, particularly for hospitals and urban environments. The activities belong to the Building Solutions segment of TKH and are considered non-core, whereas the focus of TKH is on developing advanced own technologies and offering total solutions.
Interparking focuses entirely on the exploitation of parking facilities, with which the growth opportunities for P&P are properly ensured. TKH will further concentrate its activities on providing technology solutions for parking.
The Interparking Group, also part of AG Insurance, AG Real Estate and Canadian Pension Plan Investment Board (CPPIB), operates in 9 European countries with more than 750 car parks and over 350,000 parking spaces.
The transaction will, besides a one-off income, have limited impact on the earnings per share of TKH. In 2015 P&P realized a turnover of € 5.7 million with 31 employees (FTEs).
TKH Group NV issued this content on 30 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 March 2016 07:29:07 UTC
Original Document: http://www.tkhgroup.com/en/news/financial-news/archive-2016/tkh-sells-activities-in-management-and-operations-of-parking-facilities
TKH Group N.V. (TKH) is focused on high-end innovative technologies in high growth markets. Automation, digitalization, and electrification are the key drivers for the group's innovations.
Through a combination of technologies, TKH offers superior solutions that support to increase the efficiency, safety and security of its customers. The technologies are offered together with software to create smart technologies and one-stop-shop solutions with plug-and-play integrated systems for smart connectivity (42.7% of net sales; energy connectivity and fibre optic connectivity systems for data and communication networks), smart manufacturing (30.6%) and smart vision (26.7%; machine vision and security vision systems).
Net sales are distributed geographically as follows: the Netherlands (24.6%), Europe (38.8%), Asia (19.1%), North America (13%) and other (4.5%).