EQS-Adhoc: 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

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][email protected]

   Alexandra Kentros
   Kontron AG – Communications
   Tel: +49 151 151 9388 149
   [3][email protected]

   Jan Lauer
   Profil Marketing OHG
   Tel: +49 (531) 387 33-18
   [4][email protected]

    

   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:      [email protected]
   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

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