Kontron AG to sell a 49% stake in its subsidiary Kontron Canada Inc. to Ennoconn Corporation

  • Kontron AG and Ennoconn to enter into a strategic partnership in the Communication business
  • Ennoconn to take a 49% stake in Kontron’s subsidiary, Kontron Canada Inc. (KCI), paying US$ 57.3 million (approximately € 52.5 million)
  • Augsburg, Germany, January 22, 2016 – Kontron AG and Ennoconn Corporation have agreed to enter into a strategic partnership. To this effect, Ennoconn will take a 49% stake in KCI, paying US$ 57.3 million (approximately € 52.5 million) to Kontron AG. This transaction will be subject to regulatory and corporate approvals, which are expected to be obtained during early 2016.

    The partnership is a transformational milestone for Kontron with major implications for its strategic move to become a leading provider of hardware/software solutions, as well as its presence in the APAC region. By taking this step with Ennoconn, one of the largest hardware manufacturers globally, Kontron positions itself to take advantage of a rapidly changing technological world, determined primarily by the brisk development of the Internet of Things (IoT).

    For further information:
    Alexandra Habekost
    Head of Investor Relations
    Kontron AG
    Tel: +49 (0) 821 4086 114
    Alexandra.Habekost@kontron.com

    Chari Lazaridis
    Head of Global Corporate Communications
    Kontron AG
    Tel: +49 (0) 821 4086 484
    Chari.Lazaridis@kontron.com

     

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