TVH is a leading supplier of parts and accessories for material handling, industrial, construction, and agricultural equipment. The company combines local expertise with a reliable network and personalized service, making it a trusted source for construction equipment.
TVH offers a wide range of parts, including rubber tracks, undercarriage parts, windshields, cabin parts, hydraulics, engine parts, filters, and more. To provide the best service, TVH relies on its own brands, such as TotalSource, which offers quality parts and accessories at the right price.
TVH’s dedicated department specializes in part and accessory look-up, responding to customer requests and monitoring market trends. TVH – Thermote & Vanhalst is a Belgian company specializing in the distribution of spare parts.
Accessories for material handling, industrial, and construction equipment. Founded in 1969 by Paul Thermote and Paul Vanhalst, TVH has evolved from a local enterprise into a global leader in its field, operating in over 170 countries.
Historical Background
The company began its journey in Gullegem, Belgium, focusing initially on the purchase, repair, and sale of agricultural machinery and ex-military forklifts. As the demand for forklift repairs grew, TVH identified a significant need for spare parts, which led to the development of their primary business: the sale of forklift spare parts. This strategic pivot laid the foundation for the company’s expansive growth in the spare parts sector.
Global Operations and Workforce
Over the decades, TVH has experienced substantial growth. From employing 96 individuals in 1989, the company expanded to over 5,000 employees by early 2017. This growth reflects TVH’s commitment to meeting the increasing global demand for quality spare parts and services in the material handling industry.
Product Range and Services
TVH boasts an extensive product catalog, managing a database of over 20,000,000 references, with more than 500,000 parts in stock. This vast inventory ensures that customers have access to a wide array of specific and universal parts and accessories.
various equipment types, including forklifts, aerial work platforms, and industrial vehicles. The company’s over 50 years of experience equips them with the expertise needed to assist customers in selecting the most suitable parts and accessories for their specific needs.
TVH’s operations are organized into two main divisions:
- Parts & Accessories: This division focuses on the sale of spare parts and accessories for material handling and industrial equipment. With a global presence, TVH ensures that customers worldwide have access to quality parts, reducing equipment downtime and enhancing operational efficiency.
- Rental & Equipment: This division comprises three sub-divisions:
- Equipment Division: Specializes in the sale of new and used forklifts and aerial work platforms Offers short-term and long-term rental options for forklifts and aerial work platforms, catering to businesses with varying operational needs.
- Service & Repair Provides maintenance and repair services, ensuring that equipment remains in optimal working condition. Notably, the Service & Repair Division operates exclusively in Belgium, while the other divisions have a broader international presence.
Training and Development
Understanding the importance of skilled operation and maintenance, TVH has established a training center that offers courses for operators and technical personnel. These programs aim to enhance safety, efficiency, and proficiency in equipment handling and maintenance, reflecting TVH’s commitment to industry education and standards.
Strategic Partnerships and Acquisitions
TVH has strategically expanded its global footprint through partnerships and acquisitions. For instance, TVH is the majority owner of Mateco, a German company specializing in the rental of aerial work platforms. This acquisition aligns with TVH’s goal to diversify its service offerings and strengthen its position in the European market.
Recent Developments
In 2021, TVH Group underwent a structural change when the co-founding families decided to part ways. Paul Vanhalst’s son, Pascal Vanhalst, sold his 40% holding in TVH Parts to D’Ieteren, while Ann and Els, the daughters of Paul Thermote, retained their 60% holding. This transition led to the formation of two separate entities: TVH Parts and Mateco Holding, allowing each to focus on their core competencies within the industry.
TVH’s evolution from a local Belgian company to a global leader in the material handling, industrial, and construction equipment sectors is a testament to its strategic vision and adaptability. By continually expanding its product range, investing in employee development, and adapting to market changes, TVH has solidified its position as a trusted partner for businesses worldwide seeking reliable parts and services.
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Construction, Infrastructure and Mining
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