EQS-Ad-hoc: Kontron AG / Key word(s): Mergers & Acquisitions/Takeover
Kontron AG: Kontron AG, Linz/Austria acquires around 59% of KATEK SE
shares through its wholly owned German subsidiary – mandatory offer
planned for outstanding shareholders
18-Jan-2024 / 10:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.
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• Around 59.4% of shares acquired from PRIMEPULSE SE, the majority
shareholder of KATEK
• Purchase realised by German subsidiary Kontron Acquisition GmbH
• Delisting of KATEK SE planned
• Plans to grow the KATEK business by upgrading the products with
Kontron IoT technology and software
• Kontron AG ends its ongoing share buyback program
Linz, 18 January 2024 – Today, Kontron AG concluded a share purchase
agreement with PRIMEPULSE SE through its subsidiary Kontron Acquisition
GmbH for the acquisition of 8,587,138 shares (= approx. 59.4%) of KATEK
SE, listed in the prime market in Frankfurt. The purchase price per share
amounts to EUR 15.00.
The execution of the share purchase agreement is still subject to
conditions precedent, in particular the issuance of the necessary
antitrust approvals, and is expected to be completed by March 2024. After
completing the acquisition of the shares and gaining control over KATEK
SE, Kontron Acquisition GmbH will publish a mandatory offer to
shareholders of KATEK SE following the provisions of the Securities
Acquisition and Takeover Act.
In addition, Kontron Acquisition GmbH is aiming to delist KATEK SE from
the regulated market of the Frankfurt Stock Exchange after gaining
control, whereby it plans to simultaneously structure the mandatory offer
as a delisting acquisition offer. Kontron Acquisition GmbH is working with
Bafin (Federal Financial Supervisory Authority) to verify whether, as part
of the offer, treasury shares of the listed Kontron AG, which have been
acquired through previous share buyback programs, can be offered as a
voluntary alternative consideration. The share buyback program ends today.
There are no plans for a capital increase at Kontron. The Chairman of the
Supervisory Board Klaus Weinmann and the other Supervisory Board member
Markus Saller will resign from their positions promptly after closing of
the share purchase agreement.
With the execution of the share purchase agreement, the previously
announced guidance for 2024 of Kontron will be increased to EUR 1.9bn in
revenue (depending on the time of consolidation) and EUR 100m net profit.
About Kontron
Kontron AG ((1) www.kontron.com,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.
Contacts
Barbara Jeitler
Kontron AG – Investor Relations
Tel: +43 (1) 80191 1199
(2)ir@kontron.com
Alexandra Kentros
Kontron AG – Communications
Tel: +49 151 151 9388 149
(3)group-pr@kontron.com Jan Lauer OHG Marketing Profile Tel: +49 (531) 387 33-18 (4)kontron@profil-marketing.com
End of Inside Information
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18-Jan-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
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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: 1817399
End of Announcement EQS News Service
1817399 18-Jan-2024 CET/CEST
References
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2. and@kontron.com
3. group-pr@counter.com 4. counter@profil-marketing.com