Kontron AG completes acquisition of majority stake in KATEK SE

Kontron AG, based in Linz, Austria, today announced that it has fulfilled all closing conditions for the acquisition of approximately 59.4% of the shares of KATEK SE, a company listed on the Prime Standard of the Frankfurt Stock Exchange. This transaction, materialized by the share sale agreement dated January 18, 2024 between Kontron Acquisition GmbH, Ismaning, and PRIMEPULSE SE, Munich, sees the transfer of 8,587,138 shares. The finalization of the transfer of shares is scheduled for February 29, 2024.

Following this acquisition, Kontron Acquisition GmbH will announce that it has taken control of KATEK SE in accordance with the provisions of the German Securities Acquisition and Takeover Offers Act (Wertpapiererwerbs- und Übernahmegesetz). This event will also result in the announcement of a mandatory tender offer. This move strengthens Kontron AG's position as a leading company in the field of IoT technologies, supporting companies' business objectives through intelligent solutions for more than 20 years.