Brno, Czech Republic, August 1, 2023 – TESCAN GROUP, a.s. today announced the merger of TESCAN ORSAY HOLDING, a.s. (TOH) with TESCAN BRNO, s.r.o. (TB) and two other dormant companies to form TESCAN GROUP, a.s., taking effect on August 1, 2023.
Following the changes in the TESCAN shareholder structure earlier this year with the acquisition by Carlyle, this merger of the Brno-based subsidiaries TOH and TB is a first step towards simplifying ownership, organizational and tax structures.
“Globalization of corporate culture; unification of job grades; elimination of unnecessary inter-company processes; reduction of compliance costs for auditing, tax consulting and payroll processing; and simplification of the business agenda of our suppliers and customers, are all important objectives on our corporate journey towards sustainable profitable growth, inspired by our new shareholder structure,” comments Pavel Šustek, CFO of TESCAN GROUP, a.s.
Read official press release here.