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ARX Equity Partners closes majority acquisition in manufacturing firm TES Vsetín

ARX Equity Partners Ltd. completed a majority acquisition of Czech Republic-based electronics and equipment manufacturer TES Vsetín AS for an undisclosed amount.

The stake was acquired from an affiliate of U.S. private equity firm Advent International Corp. In line with the deal, ARX will partner with TES Vsetín's existing management team in overseeing company operations.

Earlier in 2019, ARX acquired Fenestra Wieden and Skanska AB (publ)'s respective facades businesses, both of which are also in the Czech Republic.