Tennant Acquires Long-Time Distributor Of Tennant Equipment, M&F Management And Financing, To Accelerate Growth In The Central & Eastern Europe Region; Terms Not Disclosed
Tennant Company (NYSE:TNC), a world leader in designing, manufacturing, and marketing solutions that help create a cleaner, safer, healthier world, today announced that it has acquired M&F Management and Financing GmbH ("M&F"), the parent company of TCS EMEA GmbH ("TCS"), as Tennant seeks to accelerate growth in the EMEA region.
Based in Austria, TCS is Tennant Company's largest Central and Eastern Europe distributor. The acquisition gives Tennant a knowledgeable and experienced sales force and an established direct channel into countries including Romania, Hungary, Czech Republic, and Slovakia, along with an expanded network in Austria, Switzerland, Poland, and other nations in the region, as well as the Middle East and Africa.