Tamtron Group Plc, a leading international supplier of industrial weighing solutions and data management systems, continues its determined acquisition strategy and has acquired the entire share capital of the Czech company Tenzona s.r.o. and its subsidiary Lesyco a.s.
The acquisition is the next step in the Tamtron Group Plc growth and strengthening its market position in the strategically important Central European region.
Tenzona is a company based in the Czech Republic that specializes in industrial weighing solutions and related services. The company has an established position in the market, strong technical expertise and a wide customer base. Tenzona’s revenue budget for the current year is approximately EUR 2.5 million.
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“We are very excited to have Tenzona and its skilled personnel as part of the Tamtron family,” says Mikko Keskinen, CEO of Tamtron Group Plc. “Tenzona’s strong local presence and technical expertise are an excellent complement to Tamtron’s extensive product portfolio, international network and digital solutions. This acquisition supports our ambition to grow internationally, deepen our customer relationships and provide our customers with more innovative and comprehensive weighing solutions.”
Expansion in the Czech Republic is a concrete part of Tamtron’s growth strategy through its subsidiaries. Tamtron already has a subsidiary Tamtron S.r.o. in the Czech Republic, and the acquisition strengthens the company’s position as the market leader in its customer base in the region.
Matej Hraska, CEO of Tamtron s.r.o., comments: “Tenzona and Lesyco are familiar to us, and their joining the Tamtron Group offers excellent opportunities for growth and utilization of common resources. Together, we will form a strong and competitive player in the Czech and Central European markets.”
Ivan Lövy, CEO of Tenzona, comments: “Joining the strong and international Tamtron Group is a great opportunity for Tenzona, our employees and our customers. We strongly believe in Tamtron’s business model and way of working. Together, we can further develop our operations and offer our customers an even wider and more competitive range of products and services. We look forward to future cooperation with the Tamtron team.”
With the acquisition, Tenzona’s previous owners will become significant shareholders of Tamtron Group Plc. They will continue in their operational roles in Tamtron’s Czech organization, which will ensure the continuity of operations, joint development work and the utilization of local knowledge also in the future.
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