|
DGAP-News: KATEK SE
/ Key word(s): Mergers & Acquisitions/Takeover
KATEK SE: Acquisition of SigmaPoint successfully completed - from now on KATEK with strong presence on the North American continent Munich, August 17, 2022 - The listed KATEK SE successfully completes the acquisition of SigmaPoint Technologies Inc. with the closing of August 16, 2022. This means that the Canadian provider of high-value electronics is now 100 percent owned by the KATEK Group. With the acquisition, the number three European electronics service provider currently has 20 subsidiaries and now maintains a presence on the North American continent in addition to Europe and Asia. SigmaPoint is one of the leading electronics service providers in Canada with around 280 employees. In addition to the medical, industrial controls, embedded electronics and IoT sectors, SigmaPoint is developing new markets for KATEK in the homeland security and defense sector. The company says it plans to exceed $100 million in annual revenue in the medium term and is currently benefiting greatly from the reshoring trend in North America, driven by current supply chain disruptions due to the pandemic and economic and geopolitical tensions. Already, SigmaPoint's largest customer in North America is also one of KATEK's top 5 customers in Europe. Among other things, this will lead to significant advantages for both companies in the procurement market. "SigmaPoint is extremely excited and looking forward to adding to KATEK’s global reach in North America. The added capabilities and our lean enterprise culture will be a tremendous advantage to support the reshoring trend", says Dan Bergeron, CEO of SigmaPoint. "Only last week, KATEK was able to raise its revenue forecast for the full year 2022 to more than EUR 615 million as part of its half-year reporting. The first-time consolidation results in additional upside potential of around EUR 20 million," explains Johannes Fues, CFO of KATEK SE.
About KATEK The KATEK Group is a leading European electronics company offering hardware and software development, prototyping and manufacturing, and related services in the market for high-end electronics or electronics services. The KATEK Group currently employs over 2,800 employees* in Germany and Eastern Europe. CEO is Rainer Koppitz and CFO is Dr. Johannes Fues. For more information about KATEK, please visit https://katek-group.com/. Contact KATEK Investor Relations Statements contained herein may constitute ”forward-looking statements“. Forward-looking statements are identified by words such as ”may“, ”will“, ”should“, ”plans“, ”expects“, ”anticipates“, ”estimates“, ”believes“, ”intends“, ”has in mind“, ”targets“ or their negative form or equivalent variations and comparable terminology. Forward-looking statements are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that may cause the actual results, levels of utilization, performance or achievements of the Group or the industries in which it operates to be materially different from those expressed or implied by such statements. Undue reliance should not be placed on forward-looking statements. The Group will not update or revise any forward-looking statements contained herein as a result of new information, future events or otherwise.
17.08.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | KATEK SE |
| Promenadeplatz 12 | |
| 80333 München | |
| Germany | |
| Internet: | www.katek-group.com |
| ISIN: | DE000A2TSQH7 |
| WKN: | A2TSQH |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1422731 |
| End of News | DGAP News Service |
|
|
1422731 17.08.2022 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
