Technology company TKH takes over all shares in Commend AG, a Swiss distributor of the previously acquired Commend Group based in Austria. According to TKH, which did not reveal financial details, the acquisition of Commend AG ensures that the hold on the Swiss market is strengthened.

24 people work at the company. Commend AG is also good for an annual turnover of 7.7 million euros.

TKH pays the acquisition from its own resources and expects the company to contribute to TKH earnings per share from the current quarter. Within TKH, the activities of Commend AG will be part of the vision & security systems division that falls within the Building Solutions division

Load More Related Articles
Load More By WeeklyNews staff
Load More In Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Europe puts pressure on Switzerland to adopt the prohibition on degassing for inland tankers while sailing

Minister (NL) Mark Harbers of infrastructure and Water Management is going to increase the…