TIM Capital Group will join the Würth Group. Second call concluded successfully
As a result of the successfully concluded tender offer for the sale of TIM SA shares, the TIM Capital Group will join the Würth Group, a global leader in the development, production, and sale of assembly and fastening materials.
As part of the Würth Group, trade and manufacturing companies, referred to as Allied Companies, also operate in related business areas, ranging from wholesale sales of electrical and electronic materials to financial services. The Würth Group currently employs more than 87,000 people in over 400 companies with more than 2,500 pick-up points in 80 countries. According to preliminary figures for the financial year 2023, the Würth Group achieved revenues amounting to 20.3 billion euros.
TIM CG will join the business line of the Würth Electrical Wholesale Group, which is one of the leading wholesalers of electrotechnical materials in the European market. Both TIM Capital Group companies – both TIM S.A. and the logistics company 3LP S.A. – will continue to operate as independent companies.