Kontron AG (XTRA:SANT) concluded an agreement to acquire 59.42656% stake in KATEK SE (XTRA:KTEK) from Primepulse SE for approximately ?130 million on January 18, 2024. Upon completion, Kontron will gain control over KATEK SE and will therefore be obliged to submit a mandatory offer to the shareholders of KATEK SE to acquire all outstanding shares of KATEK SE. The Supervisory Board of KATEK SE and CEO Rainer Koppitz also agreed today that Koppitz will leave the Management Board of KATEK SE by mutual agreement with effect from the end of February 29, 2024 and Johannes Fues, that he will remain on the Management Board for the transitional period until April 30, 2024 and will then also leave on the best of terms. After obtaining control, Kontron Acquisition GmbH aims to delist Katek SE from the regulated market of the Frankfurt Stock Exchange.

The closing of this agreement is still subject to conditions precedent, in particular the granting of the necessary antitrust approvals, and is expected to take place in March 2024. Martina Schaaf of RSM Ebner Stolz GmbH acted as Accountant to Kontron. Boris Dürr of HEUKING acted as legal advisor to PRIMEPULSE.