ARX Equity Partners, a Central Europe-focused private equity firm, has completed the sale of TES Vsetin, a Czech electro-mechanical engineering company, to a private equity consortium of Genesis Capital and Avallon. The financial terms of the transaction have not been disclosed.
ARX Equity Partners (ARX), a Central Europe-focused private equity firm, has completed the sale of TES Vsetin (TES), a Czech electro-mechanical engineering company, to a private equity consortium of Genesis Capital and Avallon. The financial terms of the transaction have not been disclosed.
Headquartered in Vsetin, Czech Republic, TES is involved primarily in the manufacturing of system components related to electrical machines in addition to the design and manufacturing of its own proprietary electric machines, such as generators and electric motors. TES supplies components and machines to several blue-chip customers across multiple industries.
ARX acquired the business in 2019 from an affiliate of Advent International, in partnership with the TES management team.
