D’Ieteren Group completed the acquisition of a 40% stake TVH Parts from Vanhalst and Thermote for €1.17bn.

D’Ieteren Group, the company that is engaged in automobile distribution and vehicle glass repair and replacement, completed the acquisition of a 40% stake TVH Parts, a provider of aftermarket parts related to material handling, construction & industrial, and agricultural equipment, from Vanhalst and Thermote families for for €1.17bn. “I’m happy and honoured that TVH Parts can partner with D’Ieteren Group. In the last months and weeks, we enjoyed the constructive discussions and open dialogues with the management and founding families of the group. We truly believe that their values and their aspiration on seeking long-term growth are aligned with those of TVH Parts. Together we can continue to work successfully together on our mission to keep our customers and employees going and growing,” Dominiek Valcke, TVH Parts CEO.