Altor backed Transcom signs agreement to acquire TMS connected.

Transcom signed an agreement to acquire TMS connected. The transaction is expected to close during February 2019, subject to regulatory approval. Financial terms of the deal were not disclosed. TMS connected is one of the leading customer service providers specialized in the utilities industry in Germany. The company was founded in 1988 and has been servicing the utilities industry for more than 30 years. “Welcoming TMS connected as well as all TMS team members to the Transcom family will not only increase our footprint in the strategically important German market, but also within the utilities sector, one of the strongest growing outsourcing industry verticals in Germany and beyond. This will provide an opportunity for both companies to fully capture growth opportunities with current and future clients”, Michael Weinreich, Transcom President & CEO.