Kontron AG Amplifies Market Position with Katek SE Acquisition, Eyeing Growth in Renewable Energy and IoT

  • 18. January 2024

January 18, 2024 [crocon media – msch] Kontron AG (Ticker Frankfurt/Xetra: KTN), a key player in the technology market, has taken a significant step towards expanding its portfolio and market presence by acquiring approximately 60% of the shares in KATEK SE. This move, executed through its subsidiary Kontron Acquisition GmbH, represents a strategic pivot towards renewable energy solutions and the aerospace segment, aligning with the growing global emphasis on clean energy and technological innovation.

The acquisition of Katek SE, a leading European electronics company specializing in solar energy and e-mobility, is a testament to Kontron’s commitment to diversifying its offerings. Katek’s expertise in control electronics for photovoltaic systems and intelligent charging solutions for electric vehicles complements Kontron’s existing portfolio, positioning the company at the forefront of the renewable energy technology sector.

Kontron plans to integrate its software expertise and IoT connectivity with Katek’s products, aiming to enhance their functionality and market appeal. This integration is expected to improve Katek’s gross margin by around 5% in the medium term and bring its solutions into the IoT world. The merger expands Kontron’s “Software + Solutions” segment to include the “GreenTec” division, marking a significant step in Kontron’s journey towards becoming a leading IoT provider.

The acquisition is anticipated to contribute significantly to Kontron’s growth, with the company revising its guidance for 2024 and 2025 upwards. The inclusion of Katek’s business is expected to boost consolidated revenue to at least EUR 1.9 billion and net profit to around EUR 100 million. This financial uplift reflects Kontron’s strategic foresight in tapping into the lucrative and promising market of renewable energy.

Kontron AG’s acquisition of Katek SE is more than a mere expansion of its business portfolio; it is a strategic move into a new market dimension. With this acquisition, Kontron is not only enhancing its capabilities in renewable energy but also solidifying its position as a technology innovator in the IoT space. The company’s proactive approach to embracing clean energy solutions and IoT connectivity heralds a new era of growth and technological advancement.

Read the press release :

Editorial Disclosure: The editorial content on this page is not provided by any entity mentioned herein. Opinions expressed here are the author’s alone, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The author(s) of this article may or may not hold a position in the mentioned stock. None of the companies discussed in the above article have paid for this content. The information provided in this article should not be considered financial advice, and readers should always do their own research before making investment decisions. However, as with any investment, there are potential risks and uncertainties to consider, such as potential regulatory changes, market volatility, and competition from other players in the industry. It is important for investors to carefully monitor this stock and its performance over time to make informed decisions about their investments. crocon media is a project of The SiLLC Assembly. This site is for entertainment purposes only. The owner of this site is not an investment advisor, financial planner, nor legal or tax professional and articles here are of an opinion and general nature and should not be relied upon for individual circumstances. This article is for informational purposes only and should not be considered financial advice. Investing in stocks involves risk, and readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions.

Follow Us