March 5, 2024
(press release)
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Tennant Co. has acquired M&F Management and Financing GmbH, the parent company of TCS EMEA GmbH, for an undisclosed sum. According to a press release, Austria-based TCS is Tennant’s largest distributor in Central and Eastern Europe. The acquisition provides Tennant with an experienced and knowledgeable sales team as well as established distribution channels into Romania, Hungary, Czech Republic, and Slovakia, along with an expanded network in Austria, Switzerland, Poland, and other nations in the region. “As Tennant focuses on strategic acquisitions as part of our growth-oriented enterprise strategy, we are investing in areas where we can accelerate growth and create enterprise value. In the EMEA region, we are confident that we can leverage the experienced TCS team to increase our presence in Eastern Europe while using Tennant’s extensive resources in the region to support the strong service that TCS has always provided their customers,” said Rusty Zay, Tennant senior vice president and chief commercial officer. “We look forward to building on the reputation that TCS has worked hard to earn in Central and Eastern Europe, a region that is projected to grow at higher rates than the more mature Western European market. We’re excited about enhancing our presence and deploying an expanded product portfolio to accelerate our growth.” About Tennant 
Tennant Co. is a manufacturer of equipment for maintaining surfaces in industrial, commercial, and outdoor environments as well as surface coatings for concrete floors. Tennant sells products directly in 15 countries and through distributors in more than 80 countries. For more information, visit tennantco.com.
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