Soudal N.V. acquired 92.5% stake in TKK Srpenica d.d. from Abanka Vipa, d.d and Salonit Anhovo, D.D. on June 17, 2013. In 2012, TKK Srpenica had sales amounted to nearly €44.7 million, operating profit was €3.5 million and net profit was €1.1 million. TKK will operate as an independent subsidiary of Soudal and the actual management will stay in place. Ernst & Young provided due diligence service for Soudal.

Soudal N.V. completed the acquisition of 92.5% stake in TKK Srpenica d.d. from Abanka Vipa, d.d. and Salonit Anhovo, D.D. on June 17, 2013.