# D'Ieteren Group completes acquisition of 40% stake in TVH-Group

D'Ieteren Group SA completed the acquisition of a 40% stake in TVH-Group Thermote & Vanhalst from the Vanhalst family for €1.2 billion, valuing TVH-Group at an enterprise value of €3.65 billion.

- Type: Acquisition
- Announced: 2021-10-01
- Where: Belgium
- Value: $1.39B (1.20B EUR)
- Status: completed
- Products: material handling equipment, industrial parts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [D'Ieteren Group](https://endata.com/companies/56374.md) (acquirer)
- [TVH-Group Thermote & Vanhalst](https://endata.com/companies/58072.md) (target)
- [Vanhalst family](https://endata.com/companies/58073.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/D-IETEREN-GROUP-5994/news/D-Ieteren-Group-SA-completed-the-acquisition-of-40-stake-in-TVH-Group-Thermote-Vanhalst-from-Vanh-36593244/), 2021-09-30: "The transaction is financed through D'Ieteren Group's excess liquidity, valuing TVH Parts at an Enterprise Value of €3.65 billion."

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