JENSEN-GROUP acquires participation in TOLON

The JENSEN-GROUP has entered into an agreement to acquire up to 49% of TOLON GLOBAL Makina Sanyi ve Tikaret Sirketi A.S. (TOLON), a privately held company that manufactures and markets stand-alone laundry equipment as well as distributes JENSEN equipment and solutions in Turkey. JENSEN-GROUP has acquired a 30% participation in TOLON and agreed to acquire up to 49% during the coming three years. Closing of the transaction of the acquisition is January 29, 2016.

JENSEN and TOLON have been working together for five years as TOLON is representing the full JENSEN heavy-duty product range in the growing Turkish market. Furthermore, in 2015 JENSEN entered into an agreement with TOLON for JENSEN labelled stand-alone washer extractors and dryers. These machines complement the heavy-duty JENSEN product range when offering turn-key projects as well as ancillary equipment for most JENSEN heavy–duty customers.

TOLON is currently in the process of setting up a network of independent TOLON distributors in order to cater for the commercial laundry market. TOLON has become the market leader in Turkey in both the commercial and heavy-duty market and is now ready with a differentiated product range to develop the EU market. In 2015, TOLON setup a representation office, TOLON Europe, in Ghent, Belgium.