As part of the transaction, ARX has agreed to partner with the company’s existing management team, who will lead its future growth and development.
ARX acquired the business from an affiliate of Advent International.
The financial details of the transaction were not disclosed.
Tes Vsetin is active primarily in the manufacturing of system components relating to electrical machines, in addition to both the design and manufacturing of its own proprietary machines, such as generators and electric motors.
The company supplies critical components and machines to several blue chip across multiple industries.
Tes generated revenues of over €60 million in 2018 and currently employs around 600 technically skilled staff.