Torqx Capital Partners to acquire part of the industrial connectivity activities of TKH Group for $124m.

Torqx Capital Partners reached an agreement on the acquisition of a part of the industrial connectivity activities from TKH Group, a technology company, for €113m ($124m). The new company will be called Cable Connectivity Group and is active in the production, distribution, and assembly of cable connectivity solutions. “We are delighted to announce this partnership with TKH where Torqx will take the driving seat to develop the newly formed Cable Connectivity Group in a coherent group of businesses active in the production, distribution, and assembly of cable connectivity solutions. We see good opportunities to realize commercial synergies between the operating companies and to accelerate sales of the group. We will actively support the business in its further development and the realization of its full potential.” Harmen Geerts, Managing Partner, Torqx.