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 : https://group.kontron.com/kontron-acquires-majority-stake-in-katek-se-and-expands-leading-position-in-the-iot-market/

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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.

October 31, 2023 [crocon media – msch] In a strategic move to bolster its retro gaming offerings, Atari, a global leader in interactive entertainment, has announced its acquisition of Digital Eclipse Entertainment Partners Co. This acquisition marks Atari’s continued commitment to its retro-focused growth strategy, following its earlier acquisition of Nightdive Studios in May 2023.

Digital Eclipse, based in Emeryville, California, has been at the forefront of the digital restoration of classic video games since its inception in 1992. The studio’s dedication to preserving gaming’s heritage is evident in its archival releases and interactive documentaries. Some of its recent notable projects include the “Atari 50: The Anniversary Collection,” which garnered significant acclaim and was dubbed the “new gold standard” for game compilations.

The acquisition will not only enhance Atari’s internal development capabilities but also leverage Digital Eclipse’s proprietary technology and industry-leading experience. This collaboration promises to bring fans exciting new projects that celebrate and preserve gaming history.

In terms of financial details, the purchase price for Digital Eclipse is set at an initial consideration of US$6.5 million, with US$4.0 million in cash and US$2.5 million in newly issued Atari ordinary shares. An additional earn-out of up to $13.5 million, based on Digital Eclipse’s future performance, will be payable in cash over the next decade.

A significant highlight of this deal is the issuance of 20,165,794 new Atari shares. Post-acquisition, Digital Eclipse shareholders will hold approximately 4.6% of Atari’s share capital. The majority of these shareholders have agreed to a 1-year lock-up on their Atari shares, ensuring stability and confidence in the merger.

While the stock market’s initial reaction saw a slight dip in Atari’s stock by around 5%, the long-term prospects look promising. The combined expertise of Atari and Digital Eclipse is expected to usher in a new era of retro gaming, catering to both nostalgic gamers and a new generation eager to experience the classics.

Read the press release : https://www.globenewswire.com/news-release/2023/10/31/2769851/0/en/Atari-enters-into-an-agreement-to-acquire-Digital-Eclipse.html

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.

October 18, 2023 [crocon media – msch] In a bold move that has sent ripples through the tech industry, Kontron, a global leader in embedded computing technology (ECT), has announced its definitive agreement to acquire Bsquare for $1.90 per share. This acquisition is not just a purchase but a strategic chess move that underscores Kontron’s ambition to bolster its foothold in the Internet of Things (IoT) and embedded solutions market.

The deal, valued at an impressive sum, is expected to close in the fourth quarter of this fiscal year, subject to customary closing conditions and regulatory approvals. This acquisition is set to position Kontron as a powerhouse, equipped with enhanced capabilities to drive innovation and provide enriched, comprehensive solutions to its customers.

Bsquare, known for its dedication to smart, connected systems, brings to the table a wealth of expertise and a robust portfolio that is anticipated to complement Kontron’s existing offerings. This amalgamation is projected to expedite the development of advanced technologies, thereby catalyzing the evolution of smart devices, systems, and solutions.

Moreover, the acquisition is expected to generate a positive financial ripple effect. Analysts predict a potential uptick in Kontron’s stock value, as the market responds favorably to this strategic expansion. The combined prowess of Kontron and Bsquare is likely to foster significant revenue growth, driven by an expanded customer base and a broader product portfolio.

However, the road ahead is not without its challenges. Integrating two corporate cultures, systems, and operations is a herculean task that will require meticulous planning, seamless execution, and continuous monitoring to mitigate risks and maximize synergies.

In conclusion, Kontron’s acquisition of Bsquare marks a strategic milestone in the tech industry’s landscape. It’s a testament to Kontron’s vision of pioneering innovation and driving exponential growth. As the dust settles on this landmark deal, all eyes will be on Kontron to witness the unfolding of a new chapter in tech advancement.

About Kontron:
With over 20 years of experience, Kontron AG stands as a beacon in the IoT technology landscape. The company’s intelligent solutions have been instrumental in driving business goals across diverse industries, from automated industrial operations and advanced medical solutions to smarter transport and energy solutions. Listed on the SDAX® and TecDAX® of the German Stock Exchange, Kontron’s global presence is marked by its 4,500 employees and subsidiaries in over 20 countries.

Read the press release : https://group.kontron.com/adhoc-kontron-to-acquire-bsquare-for-1-90-per-share/

September 20, 2023 [crocon media – msch] In a significant move, Kontron, a leading IoT technology company, has acquired Altimate, a Romanian frontrunner in urban and interurban mobility solutions. This acquisition not only amplifies Kontron’s foothold in the transportation sector but also accentuates its commitment to expanding its high-margin “Software + Solutions” segment.

Altimate’s two-decade-long expertise in urban traffic control, automated fare collection, tolling solutions, and traffic violations solution positions it as a market leader. With a diverse portfolio catering to airports, maritime ports, public transport, and tolling, Altimate’s software solutions are primed to revolutionize urban mobility. The company’s impressive roster of 191 employees, predominantly software engineers, brings unparalleled expertise in intelligent traffic solutions.

Financially, Altimate’s performance has been commendable. In 2022, the company reported revenues of EUR 19.6 million with an impressive gross margin of over 50%. The EBITDA stood at EUR 1.8 million. The future looks even brighter with a shift towards “Software as a Service” and “Mobility Infrastructure as a Service” projects. Integration with Kontron’s transportation business is expected to unlock high synergies, paving the way for marketing these complementary software products across Europe. By 2024, projections indicate revenues exceeding EUR 25 million and an EBITDA margin surpassing EUR 3 million.

For Kontron, this acquisition is a strategic move to bolster its “Software + Solutions” segment, which currently accounts for less than 20% of its revenues. With recent acquisitions and the integration of the existing transportation and susietec® business, this segment is poised to become Kontron’s largest by 2025, contributing to over 50% of the revenue by 2027.

About Kontron:
With over 20 years of experience, Kontron AG stands as a beacon in the IoT technology landscape. The company’s intelligent solutions have been instrumental in driving business goals across diverse industries, from automated industrial operations and advanced medical solutions to smarter transport and energy solutions. Listed on the SDAX® and TecDAX® of the German Stock Exchange, Kontron’s global presence is marked by its 4,500 employees and subsidiaries in over 20 countries.

Read the press release : https://www.eqs-news.com/news/corporate/kontron-ag-ma-4-kontron-acquires-altimate-an-urban-and-interurban-mobility-solutions-provider/1900337