Eching near Munich, August 1st, 2012 – After the successful sale of the manufacturing business in Malaysia in the first Quarter 2012, Kontron made a further step towards the strategic focus of its core competences and sold the US-based subsidiary AP Parpro Inc., an assembling company of cable and cable harnesses, as well as, components on July 31st, 2012.
Ulrich Gehrmann, CEO of Kontron AG: „AP Parpro’s business of assembling cables and cable harnesses does not have synergies with our core business of systems and solutions for the ECT-market.”
The sale of AP Parpro. Inc. includes the Mexico-based production facility and is performed in the way of a management buy-out as a 100% share deal as of July 31st, 2012. The purchasing price of about 7,5 Mio. USD will further improve the working capital of the Kontron Group and be EBIT neutral.
Ulrich Gehrmann: “The company had been acquired as a manufacturing entity in the acquisition of AP Labs. Kontron’s focus for AP Labs is ECT-solutions and -systems for aviation, aerospace and defense. AP Parpro Inc., a non-ECT-related company, does not fit the focus of Kontron anymore. The divesture puts both parties in a position where they can completely focus on their core competencies for the benefit of customers, employees and shareholders.”
For Kontron, the market in the United States remains significant and important. With this divesture, the subsidiary Kontron America Inc. is now clearly concentrated on high-margin systems and solutions.
Ulrich Gehrmann: „We will continue to increase our focus on our growing markets – be it regional, in vertical markets and up the value chain.”
Kontron is a global leader in embedded computing technology. With about 40% of its employees in R&D, Kontron creates many of the standards that drive the world’s embedded computing platforms. Kontron’s product longevity, local engineering, support, and value-added services help to create a sustainable and viable embedded solution for OEMs and system integrators.
Kontron works closely with its customers on their embedded application ready platforms and customer solutions, enabling them to focus on their core competencies. The result is an accelerated time-to-market, reduced total-cost-of-ownership and improved overall application with leading-edge, highly-reliable embedded technology.
Further information about Kontron can be found at www.kontron.com.
About AP Parpro Inc.
AP Parpro started in 1993 with the acquisition of the cable and harness facility in Tijuana, Mexico. Today, the work force in Mexico is over 250 employees. AP Parpro manufactures metal components, custom cables, harnesses, chassis wiring assemblies for the aerospace industry and a variety of commercial OEM customers. AP Parpro provides its costumers the quality and reliability required in today’s business environment with the cost savings of manufacturing in Mexico.
Further information about AP Parpro can be found at www.parpro.com.
Gaby Moldan/Jacqueline von Berg
Tel: 08165/77-212 or -225, Fax 08165/77222
Email: Gaby.Moldan@kontron.com, Jacqueline.vonBerg@kontron.com
For further Information:
Florian Bergmann/Bettina König
Engel & Zimmermann AG
Agentur für Wirtschaftskommunikation
Schloss Fußberg, Am Schlosspark 15,
Tel: 089-89 35 633, Fax: 089-89 39 84 29