• Divestment of Dewetron GmbH is part of TKH Group’s strategic focus program
• ANRITSU Corporation will be able to expand its business in the growing market for EV/Battery testing with the acquisition
• RSM Ebner Stolz assisted TKH Group with the preparation of a financial fact book

Stuttgart, May 19, 2025 - RSM Ebner Stolz supported TKH Group (TKH) in the sale of Dewetron GmbH (Dewetron) to ANRITSU Corporation (ANRITSU) with the preparation of a financial fact book.

Listed at Euronext Amsterdam, TKH is a leading technology company, which specializes in the creation of innovative, client-centric technology systems that drive success in automation, digitalization, and electrification. TKH operates globally with close to 7,000 employees and focuses on growth across Europe, North America, and Asia.

Dewetron is active in the development, manufacturing, sale and service of high-end electrical measurement instruments such as power analysers and data recording devices. The turnover of Dewetron, as part of TKH’s Smart Manufacturing segment, totalled EUR 29.4m in 2024, with an EBITA of EUR 3.0m and 147 FTE. Dewetron is headquartered in Grambach, Austria, where the main production facilities are located, and operates across Europe, North America, and Asia.

ANRITSU is a global provider of innovative communications test and measurement solutions as well as solutions for the quality assurance of food and pharmaceuticals since130 years. With offices across the world, ANRITSU has approximately 4,000 employees.

The transaction is subject to regulatory approval and is expected to be closed within three months. The transaction is expected to significantly strengthen ANRITSU’s position in the EV/battery testing market while Dewetron will benefit from the global sales channels and engineering expertise.

RSM Ebner Stolz supported the transaction with the preparation of a financial fact book.

Team RSM Ebner Stolz: Florian Seizer (Project-responsible Partner, Transaction Advisory Services), Seema Rao (Project Lead), Michael Subatzus and Lea Ruh (all Financial Due Diligence).

About RSM Ebner Stolz

RSM Ebner Stolz is one of the largest independent medium-sized auditing and consulting firms in Germany. The company is among the top ten in the industry and has extensive expertise in auditing, tax, legal, and management consulting. With this multidisciplinary consulting approach and over 2,700 employees at 14 locations, RSM Ebner Stolz, as a market leader in the mid-sized sector, serves national and international industrial, commercial, and service companies from all industries.

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