# D'Ieteren Group acquires 40% stake in TVH Parts for €3.65B enterprise value

D'Ieteren Group has signed an agreement to acquire a 40% stake in TVH Parts from the Vanhalst family and entered a long-term partnership with the Thermote family. The deal values TVH Parts at an enterprise value of €3.65 billion.

- Type: Acquisition
- Announced: 2021-07-09
- Where: Waregem, Belgium
- Value: $4.32B (3.65B EUR)
- Status: announced
- Products: aftermarket parts for forklifts, industrial, construction and agricultural machinery
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [TVH Parts Holding](https://endata.com/companies/41517.md) (target)
- [D'Ieteren Group](https://endata.com/companies/56374.md) (acquirer)

## Sources

- [dieterengroup.com](https://www.dieterengroup.com/nl/persberichten/aankoop-van-40-van-tvh-parts), 2021-07-09: "D’Ieteren Groep heeft een overeenkomst getekend om een belang van 40% in TVH Parts over te nemen van de familie Vanhalst en is een partnerschap aangegaan met de familie Thermote om de ontwikkeling van het bedrijf op lange termijn te ondersteunen."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.