Jet 2 investment fund has acquired a majority stake in TEDOM
(Brno, 10 May) Through its qualified investors' fund Jet 2, Czech investment company Jet Investment acquired a 55% stake in TEDOM, a company producing and operating gas cogeneration units and heat-energy sources with an annual turnover of EUR 154 million.
At present, the TEDOM Group represents an international producer and operator of gas cogeneration units with approximately 800 employees and EBITDA of about EUR 25 million. “We have acquired a total of 55% of shares from the founders and members of the Board of Directors of TEDOM, who entrusted us with furthering their work. We are honoured to pledge to do so,” said the project director of Jet Investment Oldřich Šoba.
In accordance with its hands-on management strategy, Jet Investment traditionally develops its portfolio companies: “We always plan our activities with growth in mind and we strongly believe in the future of cogeneration technology. Thus, we plan on setting up acquisition goals for TEDOM, which will further strengthen this cogeneration manufacturer,” says Jet Investment’s Managing Director Igor Fait. Acquiring TEDOM is the first step towards fulfilling the strategy of building industrial platforms within Jet 2 fund. Moreover, it also has the potential to bring about business synergies with Jet 1 fund’s companies such as PBS POWER EQUIPMENT.
Founded in 1991, TEDOM, headquartered in Výčapy with manufacturing plants in Třebíč, Hořovice and Jablonec nad Nisou, exports equipment for efficient electricity, heat and cooling production to more than 40 countries. Since 2016, the German company TEDOM SCHNELL GmbH, a leading supplier of cogeneration units and service for biogas plants, has been its subsidiary. In addition, TEDOM co-owns the ČEZ Energo company with ČEZ Group, operates “green” energy sources at municipal waste landfills and has an extensive service network.
TEDOM’s technologies reduce energy costs, are highly flexible and environmentally friendly. Apart from electricity, cogeneration makes use of the heat released during production. Combined electricity and heat generation thus saves up to 70% of the energy contained in the fuel compared to the separate one. Furthermore, adding a cooling unit allows the heat to be converted during a process known as trigeneration, enabling TEDOM units to supply air conditioning in addition to electricity and heat.