Brief: Kontron Acquires Majority Stake In Katek

Kontron AG

18/01/2024 09:14

Jan 18 (Reuters) - KONTRON AG  KTN.VI :
    * AROUND 59.4% OF SHARES ACQUIRED FROM PRIMEPULSE SE,
MAJORITY
SHAREHOLDER OF KATEK
    * PURCHASE PRICE PER SHARE AMOUNTS TO EUR 15.00
    * KONTRON AG ENDS ITS ONGOING SHARE BUYBACK PROGRAM
    * DELISTING OF KATEK SE PLANNED
    * PLANS TO GROW KATEK BUSINESS BY UPGRADING PRODUCTS WITH
KONTRON
IOT TECHNOLOGY AND SOFTWARE
    * PREVIOUSLY ANNOUNCED GUIDANCE FOR 2024 OF KONTRON WILL BE
INCREASED TO EUR 1.9BN
    * THERE ARE NO PLANS FOR A CAPITAL INCREASE AT KONTRON
    * WITH EXECUTION OF SHARE PURCHASE AGREEMENT, PREVIOUSLY
ANNOUNCED
GUIDANCE FOR 2024 OF KONTRON WILL BE INCREASED TO EUR 100M NET
PROFIT

Source text for Eikon:  ID:nEQhfR1fa 
Further company coverage:  KTN.VI 

 (Gdansk Newsroom)
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