ATRIUM Partners advised TF-Technologies, a leader in the development and manufacturing of electronic control systems for road paving equipment, to Fayat Group of France.
TF-Technologies develops and manufactures software-based control systems and electronic components for asphalt pavers. The company was founded in 1978 in Denmark and has been owned and managed by Lisbeth and Karin Teilmann since 2011 after the completion of a generational change.
FAYAT is a family-owned conglomerate founded in 1957 in France with activities within construction and road equipment. The group has an annual turnover of EUR 4.4bn and operations in 170 countries.
With the investment in TF-Technologies, FAYAT acquires specialized competencies within electronic controls and software to establish a future digital strategy within its road building segment. TF-Technologies’ 50% ownership in a Chinese joint venture was also included in the transaction.
ATRIUM completed a structured, international auction process with participation from several global component developers and equipment manufacturers.