Würth completed the acquisition of TIM.

Würth, an electronic and electromechanical components provider, completed the acquisition of TIM, a distributor of electrical materials in Poland. Financial terms were not disclosed. “Looking at the development opportunities for TIM, I am convinced that joining forces with the Würth Group presents a very attractive outlook for all our stakeholders. Both operating arms of our company, the electrical online wholesaler as well as the logistics service wing of it, will maintain their integrity and offer all its employees an excellent perspective for the future. This is accompanied by a very attractive offer for our shareholders. To put it simple: TIM is going to continue its success story!" Krzysztof Folta, TIM Founder and CEO.