TES Vsetín is a producer of electric machines and components.
Company details
Industry
electric machines and components
Headquarters
Vsetín, Czechy
Investment details
Year of investment
2023
Type of transaction
LMBO
Present status
in the portfolio
Chairman of the Board
About company
In February 2023, the Czech company TES Vsetín was fully acquired by the Avallon MBO fund in cooperation with the company’s managers and the Genesis Capital fund. This is the second joint transaction between the two funds, the first being the purchase of the Polish‑Czech group Stangl Technik.
Founded in 1919, TES Vsetín offers a complete value chain in the field of electrical machinery, from design, machining and assembly to testing and certification. The company’s production ranges from individual components to special generators and motor systems used in renewable and conventional power generation, automation, construction, railways and nuclear science. The growing global demand for renewable and nuclear energy creates significant growth opportunities for TES Vsetín.
TES Vsetín has signed an agreement with Westinghouse, Korea Hydro & Nuclear Power (KHNP) and KEPCO KPS to cooperate on nuclear power projects, including SMR (Small Modular Reactor) reactors.
Currently, TES employs 500 members of staff. The company is headquartered in Vsetín in Czech Republic.
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