Press Release 

English 

Mülheim an der Ruhr, 19 December 2023 

Turck fends off entry attempt by financial investor and prepares the group for the future – Mülheim founding families Hans Turck and Hermann Hermes maintain Turck as a family business in the long term. 

The founding families Hans Turck and Hermann Hermes have fended off the attempted entry of the financial investor Triton into the Turck Group against their will and prevented the execution of the framework agreement concluded by the Werner Turck Familienstiftung (WTS) with Triton. As a result of the dispute, WTS was excluded as a shareholder of Turck Gründerpool GmbH & Co KG. The descendants of the founders Hans Turck and Hermann Hermes are now the sole shareholders of the Turck Group. 

These two remaining shareholders have thus created the best conditions for the continued successful operation of the Turck Group as a family company. In the interim legal protection proceedings, the Hamm Higher Regional Court confirmed the prohibition of the execution of the framework agreement and the effectiveness of the exclusion of WTS. In the meantime, WTS has fully acknowledged the claims asserted and waived further legal remedies. The Regional Court of Hagen has subsequently concluded the matter with corresponding final judgments. "We are pleased that our legal opinion has been fully confirmed and that Turck Holding GmbH can thus continue to operate as a pure family business," says Matthias Turck, Co-Managing Director of THS Pool GmbH & Co KG. "This enables us to continue the very successful course of the Turck Group in a self-determined manner in the future. This guarantees long-term security for customers, business partners and the more than 5,000 employees worldwide." 

Turck is a global partner for factory, process and logistics automation in numerous industries. With its networkable solutions for efficient automation systems, the family-owned company supports the digital transformation and is one of the pioneers of Industry 4.0 and IIoT. As a specialist in smart sensor technology and decentralized automation, Turck brings intelligence to machines and ensures reliable detection, transmission and processing of relevant production data – from sensor to cloud – not only with robust I/O solutions in IP67, but also with user-friendly software and services. More than 5,000 employees worldwide develop, produce and distribute products and solutions in the fields of sensor, fieldbus, control, cloud, connection and interface technology as well as HMI and RFID. The global production and sales network comprises over 30 subsidiaries and representatives in a further 60 countries. 

THS Pool GmbH & Co. KG by: THS Pool Verwaltungsgesellschaft mbH

Managing Director                                                                   Managing Director 

Matthias Turck                                                                       Katrin Muelders

Mülheim an der Ruhr, 8 November 2022 

In a press release dated 2 November 2022, the private equity company Triton claims that its Fund V ("Triton") had reached an agreement with the Werner Turck Family Foundation, which would allegedly allow Triton to acquire a stake in Turck Holding GmbH ("Turck Holding").

THS Pool GmbH & Co. KG ("THS"), representing the families of company founders Hans Turck and Hermann Hermes, is the largest indirect single shareholder of Turck Holding. THS has at no time been involved in any discussions between Triton and the Werner Turck Family Foundation and happened to learn about Triton's alleged deal only from publicly accessible sources. The details of the alleged deal are unknown to THS and have not been disclosed by either the Werner Turck Family Foundation or Triton. THS considers the joint actions of Triton and the Werner Turck Family Foundation as clearly hostile acts. THS is determined to oppose and undo these hostile acts by resorting to all legal remedies, preventing Triton from acquiring any interest in Turck Holding.

Turck Holding has been operating very successfully as a family-owned Group on the global market for decades, achieving the best results in its 57 years of history in the 2021-22 financial years. This certainly underlines the inherent economic power of the Group. Hence, current events will not impact operations or business relations with customers, suppliers, and employees. THS, as the largest indirect single shareholder of Turck Holding pledges its unwavering commitment to the success and continuity of Turck as a strong family-owned Group. To this end, THS is also prepared to acquire further shares in Turck Holding.

THS Pool GmbH & Co. KG by: THS Pool Verwaltungsgesellschaft mbH

Managing Director                                                                   Managing Director 

Matthias Turck                                                                       Juergen Hermes

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