on Kontron AG (isin : DE0006053952)
Kontron AG Streamlines Portfolio with Sale of TeleAlarm and New CFO Appointment
Linz/Vienna, 29.05.2024: Kontron Group has announced the sale of its subsidiary, TeleAlarm Europe GmbH, for EUR 39 million to PRIMEPULSE 3 Vorrats-GmbH. The transaction follows Kontron's strategic move to focus on core business activities, particularly in IoT solutions.
TeleAlarm, which offers solutions for seniors and people with disabilities, generated EUR 24 million in revenue in 2023. The sale aligns with Kontron's commitment to concentrate on sectors like smart trains, intelligent solar systems, eMobility, aerospace, and smart factories.
Additionally, Kontron CFO Clemens Billek will join the Executive Board of Katek SE as CFO from June 1, 2024. This move is expected to facilitate Katek SE's integration into the Kontron Group, where Kontron now holds an 87% stake.
R. H.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Kontron AG news