TKH Group

Today, we announced the divestment of EKB, a panel building and industrial automation company, to Eiffage. The divestment is part of our strategy to focus on our core technologies. Read more here https://lnkd.in/eedgQfeZ

TKH announces the divestment of HE System Electronic GmbH to Magna International Inc, a mobility company and one of the world’s largest automotive suppliers. Closing of the transaction is expected to take place at the end of May 2024. Upon closing, TKH is expecting a net cash inflow of approximately € 33 million in Q2 2024.

Today we released our Q12024 market update, in which we reiterated our full-year outlook for 2024. As anticipated, Q1 was weak on the back of ongoing destocking with customers at Smart Vision and Smart Connectivity and the ramp-up costs for the new factories. Our added value improved strongly, confirming TKH's strategic strength. Q2 is expected to be considerably better than Q1. For more information please read https://lnkd.in/eVuWu72n

At last week’s Tire Technology Expo in Hannover, TKH’s subsidiary VMI introduced Foreign Object Detection on the VMI MAXX tire building machines. This in-line, high speed detection system utilizes a high resolution camera to detect foreign objects in tread material. A superfast AI algorithm analyzes images in real-time which ensures extremely high levels of accuracy and minimizes the number of false-positive alarms, resulting in optimized levels of productivity, lower scrap rates, and minimizes usage of energy and raw materials. This newly developed option is the result of successful cooperation between VMI, Chromasens, LMI, TKH AI and TKH technology, all part of the TKH Group. https://lnkd.in/eZuv82VC

At last week’s Tire Technology Expo in Hannover, TKH’s subsidiary VMI introduced Foreign Object Detection on the VMI MAXX tire building machines. This in-line, high speed detection system utilizes a high resolution camera to detect foreign objects in tread material. A superfast AI algorithm analyzes images in real-time which ensures extremely high levels of accuracy and minimizes the number of false-positive alarms, resulting in optimized levels of productivity, lower scrap rates, and minimizes usage of energy and raw materials. This newly developed option is the result of successful cooperation between VMI, Chromasens, LMI, TKH AI and TKH technology, all part of the TKH Group. https://lnkd.in/eZuv82VC

We are proud to publish our 2023 Annual Report! Please click the link below to access the highlights as well as the ability to download the full report. https://lnkd.in/ep3t6tey

First production power cores in Eemshaven TKH's subsidiary TKF has achieved a major milestone with regards to the commissioning of the new inter-array cable factory in Eemshaven. Three power cores for type test cable, with the unique welded aluminum screen and PE outer sheath, have been produced. The new Eemshaven facility allows us to increase our production capacity in inter-array cables and represents our ongoing commitment to quality and innovation in the wind and cable industry. The investment in the new factory in Eemshaven is part of the strategic investment plan aimed at supporting the electrification. This success is a tribute to the hard work and dedication of TKF's great team. Thanks to everyone who contributed to this fantastic result!   #Electrification #Milestone #OffshoreWind 

Today, we released our FY2023 results, delivering well on outlook and progressing in our strategic roll-out. Turnover grew by 3.2% organically, EBITA reached €237 million and our value add grew. 70% of turnover is directly linked to the SDGs. For more https://lnkd.in/eH_9EiqM

TKH's Artificial Intelligence team moved to the Mondriaan Tower in Amsterdam, signifying the next milestone in TKH’s AI journey. The team functions as an AI center for the entire group and acts as the accelerator for next stage innovations. For more information https://lnkd.in/er3y4dAS

TKH's Tire Building subsidiary VMI Group was awarded the Silver EcoVadis Medal for its progress toward sustainability. The EcoVadis rating is a comprehensive assessment of a company’s environmental, social, and governance (ESG) practices. By achieving the Silver Medal, VMI is in the top 15% of all companies globally assessed by EcoVadis in 2023. For more information please read https://lnkd.in/guiV-Pg9