Eching near Munich, August 1st, 2012 – Kontron AG has successfully finalized the sale of AP Parpro Inc., a 100% subsidiary of Kontron America Inc., as of July 31st, 2012. AP Parpro Inc., assembles cables, cable harnesses and metal components, a competence that does not belong to the core business of the Kontron Group. Kontron hereby made a further step towards the strategic focus of its core competences - the global embedded computing business with higher-margin systems and solutions.
The sale of AP Parpro Inc., including the manufacturing facility based in Mexico, is a management buy-out of 100% shares. The purchasing price of about 7,5 Mio. USD will additionally improve working capital of Kontron Group.
Tel: 08165/77212, Fax 08165/77222
For further Information:
Dr. Udo Nimsdorf
Engel & Zimmermann AG
Agentur für Wirtschaftskommunikation
Schloss Fußberg, Am Schlosspark 15,
Tel: 089-89 35 633, Fax: 089-89 39 84 29