Kontron AG / AT0000A0E9W5

Kontron gains control of Katek SE – mandatory offer follows

Kontron AG / Key word(s): Mergers & Acquisitions


29.02.2024 / 14:59 CET/CEST
The issuer is solely responsible for the content of this announcement.

---

Linz, 29 February 2024 –Kontron AG, a world’s leading provider of IoT technology, gained control of the listed company KATEK SE via Kontron Acquisition GmbH. All closing conditions of the share purchase agreement dated 18 January 2024 between Kontron Acquisition GmbH, Ismaning and PRIMEPULSE SE, Munich have been met. The integration of KATEK SE into the Kontron Group will start immediately. The publication of a mandatory offer following the permission of Bafin is expected for April. Following today’s acquisition of control over Katek SE, Kontron Acquisition GmbH will publish a mandatory offer to the shareholders of Katek SE in the coming weeks in accordance with the provisions of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz). The bidder intends to issue the mandatory offer as a simultaneous delisting acquisition offer to enable the revocation of the admission of the shares of KATEK SE for trading on the Regulated Market of the Frankfurt Stock Exchange. The price offered in the Mandatory Offer will be EUR 15 per share. In addition, Kontron is also working on an exchange offer involving Kontron shares, which will be open to KATEK shareholders as an alternative. The publication of the offer document at www.katek-angebot.de (German only) is expected for April. New GreenTec division and far-reaching synergies for further growth The future-oriented “GreenTec” division will expand Kontron’s “Software + Solutions” segment with its high-quality solutions and products for solar energy and e-mobility. An important part of this product range involves control electronics for photovoltaic systems and the fast-growing area of smart charging solutions for electric vehicles. The avionics business will be seamlessly integrated into Kontron’s existing aviation business. The current Electronics business will be further developed into an ODM (original development manufacturer) business. Synergic effects will arise from the complementary product portfolio as well as from the global market coverage. Katek’s products will be upgraded with software expertise and IoT connectivity from Kontron. The upgrade based on the Kontron operating system (K-OS) will make the products considerably more secure. They will receive firewall functionality and the ability to be connected to complex grids and allow remote maintenance. Hannes Niederhauser, CEO of Kontron AG: “By acquiring control today, we have achieved a milestone in the history of IoT at Kontron. With our number of employees now at approx. 8000, along with expected cumulative revenues of around EUR 1.9 bn for the fiscal year 2024, Kontron has reached a new size on the market. With our new GreenTec division, we’re going to exploit the potential in the clean energy sector at the same time as increasing our gross margins by around 5 percentage points in the medium term by upgrading Katek products with Kontron software”. Hannes Niederhauser to join KATEK Board KATEK CEO Rainer Koppitz has stepped down from his position, effective today. Hannes Niederhauser, CEO of Kontron AG, has been appointed to the Management Board, with effect from 4 March 2024 to 28 February 2027. Johannes Fues, CFO of KATEK SE, will resign from the Management Board by the end of April 2024 and will soon join the Executive Board of Kontron AG as Chief Operating Officer (COO) with responsibility for GreenTec. Chairman of the KATEK SE Supervisory Board Klaus Weinmann and Supervisory Board member Markus Saller have resigned their positions, effective 28 February 2024.      About Kontron Kontron AG (www.kontron.com, ISIN AT0000A0E9W5, WKN A0X9EJ, KTN) is a leading IoT technology company. For more than 20 years, Kontron has been supporting companies from a wide range of industries to achieve their business goals with intelligent solutions. From automated industrial operations, smarter and safer transport to advanced communications, medical and energy solutions, the company delivers technologies that add value for its customers. Kontron is listed on the SDAX® and TecDAX® of the German Stock Exchange and has around 4,700 employees in more than 20 countries worldwide.     Follow Kontron: Kontron on LinkedIn For the latest info on Kontron, check out our official Blog  
Media Contacts   Barbara Jeitler Kontron AG – Investor Relations Tel: [phone] [e-mail]   Alexandra Kentros Kontron AG - Communications Tel: [phone] [e-mail]   Jan Lauer Profil Marketing OHG Tel: [phone] [e-mail]     Copyright © 2022 Kontron. All rights reserved. All information is provided for information purposes only and is not legally binding. The information has been carefully checked and has been compiled to the best of our knowledge and in good faith. However, no responsibility is accepted for any inaccuracy.

---

29.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---

Language:	English
Company:	Kontron AG
	Industriezeile 35
	4020 Linz
	Austria
Phone:	[phone] - 0
E-mail:	[e-mail]
Internet:	https://www.kontron.com
ISIN:	AT0000A0E9W5
WKN:	A0X9EJ
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; BX, Vienna Stock Exchange (Vienna MTF)
EQS News ID:	1848647

End of News	EQS News Service

---

1848647  29.02.2024 CET/CEST