The Jet 2 investment fund acquired a 100% stake in TEDOM

The Czech investment company Jet Investment, through its fund of qualified investors Jet 2, acquired a 100% stake in TEDOM by buying the remaining 45% stake, which has been so far owned by MOUFLECO HOLDINGS LIMITED. At the same time, a 49.9% stake in ČEZ Energo, so far held by TEDOM, was transferred to ČEZ ESCO. The transaction is now awaiting the approval of the Antimonopoly Office.

The Jet 2 investment fund thus became the sole owner of the group producing gas cogeneration units and operating thermal energy sources with an annual turnover of nearly CZK 4 billion.

"As of today, we will be able to focus fully on the development of TEDOM. This step also definitively ends the shareholder disagreement, as all existing disputes have been settled. As the sole shareholder, we will make use of opportunities for further investments and pave ways to new acquisitions," comments Igor Fait, managing partner of Jet Investment, while adding that the TEDOM Group's ability to act will increase significantly.

Jet Investment project director Oldřich Šoba also expects higher flexibility in the management of TEDOM. "We will focus on expanding the company's production capacities, developing new products or implementing an integrated information system, all with the aim of further growth. We will take full advantage of the opportunities in the upcoming years that will be marked by Europe's reliance on gas energy. The potential for selling the equipment we manufacture will be significant."

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.

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.