Kontron AG takes control of Katek SE: A strategic merger for growth

Kontron AG, a global leader in the field of IoT technology, announced the acquisition of the listed company KATEK SE through Kontron Acquisition GmbH, entering into an agreement dated January 18, 2024. This merger marks the start of the integration of KATEK SE within the Kontron group, paving the way for the publication of a mandatory offer following authorization from Bafin scheduled for April.

As part of this acquisition, Kontron Acquisition GmbH will launch a mandatory offer to shareholders of KATEK SE, including a proposal to delist the shares from the Frankfurt Stock Exchange. The mandatory offer will be set at EUR 15 per share, with an alternative exchange option for Kontron shares. This approach is planned for April on the website www.katek-angebot.de.

The creation of the “GreenTec” division at Kontron aims to enrich its “Software + Solutions” segment with cutting-edge solutions in solar energy and e-mobility. The integration of KATEK's avionics activities into those of Kontron, as well as the development of its electronics sector in ODM activity, demonstrate the synergies and complementarity between the two entities.

Following this acquisition, Hannes Niederhauser, CEO of Kontron, highlighted the importance of this merger for the company's future growth and market positioning, now with around 8,000 employees and expected revenues of around 1 .9 billion euros for fiscal year 2024. This merger also provides for an increase in gross margins thanks to the improvement of KATEK products with Kontron software.

Management changes accompany this acquisition, with Hannes Niederhauser joining the KATEK board of directors, while departures are announced within the KATEK management team.