The Jet Investment investment group of Brno businessman Igor Fait sold the Třebíč power engineering group Tedom to the Japanese group Yanmar Group. Jet Investment reported about it on its websites.
She did not state the value of the transaction, according to estimates by the hn.cz server, it could reach five billion crowns. The acquisition is subject to the approval of regulatory authorities, i.e. Czech and foreign antitrust authorities. Yanmar Group will get one hundred percent in Tedom, the parties signed the contract on Wednesday.
Jet Investment has owned Tedom since 2019, it was part of its private equity fund Jet 2. “Since the acquisition, we have managed to develop Tedom Group into a truly global player. Tedom is now not only a supplier of cogeneration units and their service provider, but also a supplier of complex energy solutions,” said Oldřich Šoba, project director of Jet Investment.
Tedom has been involved in the development, production and operation of cogeneration units for over thirty years. It has four production and development plants in the Czech Republic and several foreign business branches. The entire group has over nine hundred employees.
For 2023, the group had sales of 5.8 billion crowns, a year-on-year increase of thirty percent. Jet Investment stated that it expects this year’s sales to be around eight billion crowns.
“With this strategic move, we will combine Tedom’s expertise in cogeneration and energy services with Yanmar’s global reach and innovative technologies. The strengths of the two companies complement each other, creating a strong foundation for future growth. We are committed to maintaining the high standards and values that Tedom and Yanmar are known for in the business,” added Peter Aarsen, CEO of Yanmar Energy Systems International.
Since its establishment in 1997, Jet Investment has specialized in the search for investment opportunities in medium-sized companies in the manufacturing industry, which it considers promising. Co-shareholders are Igor Fait, Lubor Turza, Libor Šparlinek and Marek Malík.
It manages assets worth fifteen billion crowns in the funds of qualified investors. Through the Jet 2 and Jet 3 funds, it invests in medium-sized Central European industrial companies with strong growth potential. The real estate fund Jet Industrial Lease invests in industrial real estate. He manages a portfolio of nine real estate projects in Germany, the Czech Republic and Poland.
Tedom CHP unit
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Yanmar Acquires Czech Energy Equipment Firm TEDOM
In a significant development in the energy sector, Japanese group Yanmar has acquired TEDOM, a leading Czech power engineering group, from Jet Investment, a Brno-based investment group. The acquisition is subject to regulatory clearance from Czech and foreign antitrust authorities [1[1[1[1[1[1[1[1].
TEDOM, founded over 30 years ago, has established itself as a prominent player in the development, production, and operation of cogeneration units. The company has four production and development plants in the Czech Republic and several foreign business branches, employing over 900 people. In 2023, TEDOM reported sales of 5.8 billion crowns, a year-on-year increase of 30%. Jet Investment expects this year’s sales to reach around 8 billion crowns.
Yanmar’s acquisition of TEDOM is a strategic move to combine the latter’s expertise in cogeneration and energy services with Yanmar’s global reach and innovative technologies. The deal is expected to create a strong foundation for future growth, with both companies committed to upholding the high standards and values they are renowned for [2[2[2[2[2[2[2[2][3[3[3[3[3[3[3[3].
Jet Investment, which has owned TEDOM since 2019, has successfully developed the company into a global player during its ownership. “Since the acquisition, we have managed to develop TEDOM Group into a truly global player. TEDOM is now not only a supplier of cogeneration units and their service provider, but also a supplier of complex energy solutions,” said Oldřich Šoba, project director of Jet Investment.
The acquisition is valued at around 5 billion crowns, according to estimates by the hn.cz server. The deal is expected to strengthen Yanmar’s position in the energy sector, leveraging TEDOM’s expertise and global reach.
In a statement, Peter Aarsen, CEO of Yanmar Energy Systems International, emphasized the company’s commitment to maintaining the high standards and values that TEDOM and Yanmar are known for in the business. “With this strategic move, we will combine TEDOM’s expertise in cogeneration and energy services with Yanmar’s global reach and innovative technologies. The strengths of the two companies complement each other, creating a strong foundation for future growth.”
The acquisition is subject to regulatory clearance and is expected to be completed in the coming months.
About Yanmar
Yanmar is a Japanese company established in 1912, with a global presence in the energy, agriculture, and construction sectors. The company is known for its innovative technologies and commitment to sustainability.
About TEDOM
TEDOM is a Czech power engineering group founded over 30 years ago. The company is a leading manufacturer of cogeneration units and provider of comprehensive solutions, maintenance, and services.
About Jet Investment
Jet Investment is a Brno-based investment group established in 1997. The company has a private equity fund, Jet 2, which has invested in several Czech companies, including TEDOM.
Yanmar Acquires Czech Energy Equipment Firm TEDOM
In a significant development in the energy sector, Japanese group Yanmar has acquired TEDOM, a leading Czech power engineering group, from Jet Investment, a Brno-based investment group. The acquisition is subject to regulatory clearance from Czech and foreign antitrust authorities [1[1].
About TEDOM
TEDOM, founded over 30 years ago, has established itself as a prominent player in the development, production, and operation of cogeneration units. The company has four production and development plants in the Czech Republic and several foreign business branches, employing over 900 people. In 2023, TEDOM reported sales of 5
