Kontron AG: M&A #4 - Kontron acquires Altimate – an urban and interurban mobility solutions provider

Kontron has announced the acquisition of Altimate, a Romanian company for urban and interurban mobility solutions. Altimate generated revenues of EUR 19.6 million and an EBITDA of EUR 1.8 million in 2022. The purchase price is EUR 11.64 million. This acquisition is another addition to our fast-growing high-margin segment “Software + Solutions” and further strengthens the transportation business.

Altimate is a market leader in urban and interurban mobility solutions with over 20 years expertise offering software products and solutions for urban traffic control, automated fare collection, tolling solutions, and traffic violations solution. Its diversified portfolio serves a broad customer base in various areas such as airports, maritime ports, public transport, and tolling. It employs 191 employees, mainly software engineers with excellent knowledge in intelligent traffic solutions.

Altimate currently operates in Romania with a footprint in Poland and Bulgaria. In 2022, total revenues were about EUR 19.6 million at a gross margin of over 50%. EBITDA came in at EUR 1.8 million. For the future “Software as a Service” and “Mobility Infrastructure as a Service” type of projects are a major focus. High synergies arise from the integration into our transportation business to market those complementary software products all over Europe. For 2024 we expect more than EUR 25 million in revenues at an EBITDA margin exceeding EUR 3 million.

For Kontron, this acquisition is another step to expand its fast-growing high-margin business segment “Software + Solutions”. It amounts to currently below 20% of Kontron’s revenues. Together with its recent acquisitions and the existing transportation and susietec® business, it will turn into the biggest segment by 2025 and will have a revenue share of more than 50% by 2027.

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 4,500 employees with subsidiaries in more than 20 countries around the world.

Follow Kontron:

Kontron on Twitter

Kontron on LinkedIn

News about Kontron can also be found on the official Kontron blog

Media Contact

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

Jan Lauer

Profil Marketing OHG

Tel: +49 (531) 387 33-18

kontron@profil-marketing.com

All rights reserved. Kontron is a trademark or registered trademark of Kontron AG. All data is for information purposes only and not guaranteed for legal purposes. Information in this press release has been carefully checked and is believed to be accurate; however, no responsibility is assumed for inaccuracies.