Kontron AG / AT0000A0E9W5
29.05.2024 - 07:00:08Portfolio streamlining: TeleAlarm sale agreed for EUR 39 million; Clemens Billek to add Katek CFO role
| Kontron AG / Key word(s): Disposal 29.05.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Linz/Vienna, 29.05.2024: The Kontron Group (www.kontron.com, ISIN AT0000A0E9W5, WKN A0X9EJ, KTN) has begun streamlining its activities following the completion of the delisting tender offer to the remaining minority shareholders of Katek SE and the successful delisting from the stock exchange. As part of this streamlining and commitment to focus on the core business, the Kontron Group subsidiary Katek SE will sell its entire stake in TeleAlarm Europe GmbH for a purchase price of EUR 39 million. It has thereby accepted the offer of PRIMEPULSE 3 Vorrats-GmbH, a wholly owned subsidiary of PRIMEPULSE SE, Munich, to acquire TeleAlarm Europe GmbH. TeleAlarm provides hardware and software solutions that help seniors and people with physical disabilities to lead a relatively independent life in familiar surroundings. This business segment is not one of the Kontron Group’s core activities. TeleAlarm generated revenues of around EUR 24 million in 2023 with 50 employees. For 2024, TeleAlarm has forecast profits of around EUR 4 million. The sale reflects the Kontron Group’s strategic focus on IoT solutions in the areas of smart trains, intelligent solar systems, eMobility solutions, aerospace and smart factories. The streamlining process will also see Kontron Chief Financial Officer (CFO) Clemens Billek appointed to the Executive Board of Katek SE as CFO with effect from 1 June 2024. Clemens Billek has been a member of the Executive Board of Kontron AG since 2022. The sale of TeleAlarm and the appointment of Clemens Billek as CFO will aid in the rapid integration of Katek SE into the Kontron Group. The delisting tender offer for Katek SE has already been completed successfully. Kontron now holds over 87% of Katek SE. 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, connectivity, medical, and energy solutions, the company delivers technologies that add value for its customers. With the acquisition of Katek SE in early 2024, Kontron has significantly strengthened its portfolio with the new GreenTec division, focusing on solar energy and eMobility, and employs around 8,000 employees in over 20 countries worldwide. Kontron is listed on the SDAX® and TecDAX® of the German Stock Exchange. Follow Kontron: Kontron on Twitter Kontron on LinkedIn For the latest info on Kontron, check out our official blog Media Contacts Barbara Jeitler Kontron AG – Investor Relations Tel: +43 (1) 80191 1199 ir@kontron.com Alexandra Kentros Kontron AG – Communications Tel: +49 151 151 9388 149 group-pr@kontron.com Copyright © 2024 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. Kontron and the Kontron logo as well as all other trademarks or registered trademarks are the property of their respective owners and are recognised as such. Technical specifications are subject to change without notice. 29.05.2024 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: | +43 (732) 7664 - 0 |
| E-mail: | ir@kontron.com |
| 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: | 1912935 |
| End of News | EQS News Service |
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