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Tennant Company completes acquisition of M&F Management and Financing GmbH to expand presence in Central & Eastern Europe

Mar 01, 2024almost 2 years ago

Acquiring Company

Tennant Company

Acquired Company

M&F Management and Financing GmbH (TCS EMEA GmbH)

Eden PrairieAustriaManufacturing

Description

Tennant Company has announced the acquisition of M&F Management and Financing GmbH, which is the largest distributor of Tennant Company in Central and Eastern Europe. This strategic move will accelerate Tennant's growth in the EMEA region, leveraging the experienced TCS team to increase the company's presence in Eastern Europe and support the strong service provided to customers. Tennant seeks to leverage TCS's strong sales and service infrastructure to serve pan-EMEA strategic account customers and deploy an expanded product portfolio to accelerate growth.

Company Information

Company

Tennant Company

Location

Eden Prairie, Minnesota, United States

About

Tennant Company is a recognized leader of the cleaning industry. We are passionate about developing innovative and sustainable solutions that help our customers clean more spaces more effectively, addressing indoor and outdoor cleaning challenges.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed