TKH announces that negotiations have reached the stage that justifies the expectation that TKH will acquire 100 percent of the shares in Aasset Security International (Aasset), headquarted in Paris (France), with its subsidiaries Aasset France and Aasset Germany, and branches in Italy and UK.
Aasset is a leading provider of security solutions and video surveillance and offers added-value services such as designing of architectures, development of specialized software and sourcing of equipment. The company is one of Europe's leading distributors of CCTV products. In France and Germany Aasset takes a top 3 position for CCTV distribution.
The activities of Aasset will be integrated in the sub-segment security systems, which is part of TKH's Building Solutions. Aasset has 88 employees (FTE) and an annual turnover of € 35 million.
This acquisition is also in line with TKH's objective to increase the turnover generated by the security solutions to 20 percent of the total turnover.