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Optelecom-NKF, Inc. (OPTC) To Be Acquired by TKH Group N.V.

|Includes: Optelecom-NKF, Inc (OPTC)

Optelecom-NKF, Inc. announced yesterday that it has signed a definitive merger agreement for a subsidiary of TKH Group N.V. to acquire all outstanding shares in an all cash merger transaction for $2.45 per share. Although the merger agreement was unanimously approved by the Board of Directors, the transaction is still subject to the approval of Optelecom-NKF’s stockholders and other customary closing conditions.

Alexander van der Lof, CEO of technology company TKH commented, “The strategic fit between TKH and Optelecom-NKF is excellent. Optelecom-NKF’s portfolio is complementary to TKH’s existing portfolio and strengthens TKH’s position in the infra, transport and public transit market. Optelecom-NKF’s customers get access to the broad portfolio of TKH’s security solutions. With a strong focus on R&D at both companies, a further leading position in the security segment is aimed for. The internationally focused sales activities of Optelecom-NKF are in line with TKH’s objective to increase the turnover generated by the security solutions to 20% of the total turnover.”

Dave Patterson, president and CEO of Optelecom-NKF, stated, “The knowledge components and techniques of TKH companies are combined to create innovative solutions to customer needs. As a member of TKH, this approach will enable Optelecom-NKF to provide complete security solutions to our customers, increasing the value we can add through our strong network of relationships. In a time of increasing consolidation within the global security industry, this transaction with TKH represents value for our shareholders and a good strategic fit for Optelecom-NKF.”

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