Kontron AG (KOTRF.PK), an IoT technology company, announced on Wednesday that its subsidiary, Katek SE, will divest its entire stake in TeleAlarm Europe GmbH for 39 million euros.
Katek has accepted an acquisition offer from PRIMEPULSE 3 Vorrats-GmbH, a subsidiary of PRIMEPULSE SE based in Munich.
This transaction is part of Kontron's strategy to streamline its operations and focus on its core business activities. This follows the completion of a delisting tender offer to the remaining minority shareholders of Katek SE and its subsequent delisting from the stock exchange. Kontron now holds over 87% of Katek.
TeleAlarm specializes in providing hardware and software solutions that enable seniors and individuals with physical disabilities to live independently in familiar environments. However, Kontron has indicated that this sector does not align with its core activities.
The sale underscores Kontron's strategic emphasis on IoT solutions in areas such as smart trains, intelligent solar systems, eMobility, aerospace, and smart factories.
As part of the streamlining process, Clemens Billek, Kontron's Chief Financial Officer, has been appointed to the Executive Board of Katek SE as CFO effective June 1. Billek has been a member of Kontron's Executive Board since 2022.
