TenCate Advanced Armour's products include add-on armor for land systems. Photo: TenCate Advanced Armour
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Agilitas Private Equity, which is based in London, last week closed its acquisition of TenCate Advanced Armour Holding
(TCAA) from Royal TenCate.
Terms of the deal, which was first announced last November, were not disclosed. TCAA, which is based in The Netherlands and has facilities in Denmark, France and the U.S., has more than 300 employees.
TCAA supplies active and passive survivability solutions for personnel, land, aircraft and naval systems worldwide. The company’s customers include governments and original equipment manufacturers.
Royal TenCate is a portfolio company of another European investment firm, Gilde Buy Out Partners.
Royal TenCate’s financial adviser on the transaction was Houlihan Lokey.