Further to the announcement on January 17th, Transcom is pleased to announce that the acquisition of TMS connected! is now completed.
“I am very happy to formally welcome the TMS connected! team to the Transcom family. The market’s response since we announced our intentions to acquire TMS connected! has been very positive. We are now eager to explore all the joint opportunities that this acquisition brings, creating a center of excellence for the utilities sector that can be leveraged within the entire Transcom group, broadening our vertical exposure both in Germany and the rest of the world”, says Michael Weinreich, President & CEO Transcom.
TMS connected! will be incorporated as a sister company to Transcom WorldWide and remain under the leadership of CEO Manfred Bernard.
The acquiring company is Transcom TopCo AB and its subsidiary Transcom DACH Holding AB. Transcom DACH Holding AB is a sister company to Transcom Holding AB outside the restricted group of Transcom Holding AB’s bond financing.