ARX Equity Partners, a private equity firm with a 20-year track record supporting the growth and development of mid-sized companies in Central Europe, completed the majority acquisition of TES Vsetin, an engineering company active primarily in the manufacturing of system components relating to electrical machines. Financial terms were not disclosed. “We are very impressed with TES’ ability to deliver high-quality solutions for a demanding blue-chip customer base, and we look forward to partnering with their already strong management team to drive future growth in an exciting new chapter for the business,” Michal Aron, ARX Partner.