KATEK SE Announces Intention to Delist After Agreement with Kontron Acquisition GmbH

KATEK SE, the Munich-based company, has declared its decision on March 18, 2024, to enter into a delisting agreement with Kontron Acquisition GmbH. This move comes after Kontron Acquisition GmbH, a subsidiary of Kontron AG, announced its acquisition of control over KATEK SE. The acquisition, disclosed on February 29, 2024, mandates Kontron Acquisition GmbH to extend a mandatory offer to KATEK SE shareholders soon, following German regulatory requirements.

The KATEK SE Management Board believes that delisting the company aligns with its strategic and financial interests. The decision is grounded in the perceived diminished significance of stock market listing for the company. Following the agreement, KATEK SE plans to revoke its shares from the regulated market upon the mandatory offer's publication. This offer will also serve as a delisting tender, with Kontron Acquisition GmbH promising a statutory minimum price of EUR 15 per share. Additionally, an alternative exchange offer involving Kontron AG shares is being considered for KATEK shareholders.