Revenue (LTM May)
in EUR m
D'Ieteren Group 40%
Thermote Family 60%
Investment case – our journey with TVH Parts
On 1 October 2021, D’Ieteren Group acquired a 40% stake in TVH Parts from one of the founding families, the Vanhalst family, thereby creating a long-term partnership with the Thermote family, which is keeping a 60% stake in the company.
D’Ieteren Group firmly believes in the enormous potential of TVH Parts and the great fit between the two companies. TVH Parts has a unique operating model driven by intellectual capital, a customer-centric approach, and strong culture and values embedded within its organisation. Its business model shows agility and resilience through various economic environments and also helps contribute to the circular economy through spare parts and the remanufacturing thereof.
D’Ieteren Group is looking forward to supporting TVH Parts in its long-term development.
The path ahead: “Continued profitable growth in its core and new markets”
D’Ieteren Group intends to work closely with TVH Parts’ management team and support the company in the next phase of its growth, namely through the following actions:
- Reinforce TVH Parts’ leadership position in its core end-markets and regions
- Support bold growth ambitions, be it through new regions or new markets, organically or through acquisitions
- Accompany TVH Parts in its ongoing ESG journey
- Help drive the company’s continuous reinvention and optimisation