INDUS signs contract to sell TKI
The contract has been signed: IPETRONIK Eichstätt GmbH, a portfolio company of INDUS Holding AG, is selling its minority interest in TKI Automotive GmbH to the majority shareholder Audi Electronics Venture GmbH. TKI Automotive GmbH specializes in thermal management, comfort electronics and interior air conditioning for conventional drives and electrified vehicles. On July 23, INDUS had already announced the agreement on the sale and the resulting positive impact on earnings and liquidity. The sale is still subject to the approval of the antitrust authorities.
As a medium-sized holding company, INDUS primarily acquires companies from industries of the future such as automation, measurement and control technology, construction and security technology, medical engineering and life science, infrastructure and logistics technology as well as energy and environmental engineering or acquires a majority interest in such companies. The company’s strategy is to hold and develop these companies. In addition, INDUS invests in younger companies. As in the case of TKI, this also includes minority interests or joint ventures, which are also developed on a long-term basis or resold in individual cases.
About INDUS Holding AG:
Established in 1989 and headquartered in Bergisch-Gladbach, INDUS Holding AG is an SME holding company which concentrates on the long-term development of its portfolio companies. The industry focus is on construction and infrastructure, automotive technology, mechanical and plant engineering, medical engineering / life sciences as well as metals technology. As a leading specialist for sustainable corporate development, INDUS attaches great importance to the operational autonomy of its 46 portfolio companies. Since 1995, INDUS Holding AG has been listed in the Prime Standard of the Frankfurt Stock Exchange (DE0006200108); in 2018, the Group generated revenues of around EUR 1.7 billion.