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KATEK SE EQS-News: KATEK SE: KATEK acquires Nextek in the USA and steps into the important field of electronics for Air & Defense

Directive transparence : information réglementée

10/07/2023 08:30

EQS-News: KATEK SE / Key word(s): Takeover/Mergers & Acquisitions
KATEK SE: KATEK acquires Nextek in the USA and steps into the important field of electronics for Air & Defense

10.07.2023 / 08:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


KATEK acquires Nextek in the USA and steps into the important field of electronics for Air & Defense

KATEK's previously announced acquisition of Nextek, a US-based provider of high-tech and high-value electronics, has been successfully completed. This expands KATEK's presence in North America to include an electronics specialist with high-tech customers in the US.

Munich, July 10, 2023 - Munich-based KATEK SE is acquiring 100 percent of the shares of Nextek, based in Madison AL, USA. All approvals required by the authorities have been granted, and the acquisition is hereby formally closed.

The acquisition not only expands KATEK's presence in North America but also strengthens the company's industry presence in the fast-growing sectors of Homeland Security & Defense, Medical Technology, Energy, High-End Industrial, and the Aerospace sector, which is new to KATEK. With approximately 160 employees and annual sales of over USD 43 million in 2022, Nextek is a frontrunner in the development of highly complex products for critical applications, particularly in the areas of prototyping and low to medium-volume production, perfectly complementing KATEK Canada (formerly SigmaPoint) as a high volume supplier of complex electronics. Both companies benefit from the strong reshoring trend in North America, which is progressing massively due to the current economic and geopolitical tensions.

In addition to quick-turn prototyping, Nextek offers sophisticated PCBA and complete device manufacturing (box built) as well as analytical engineering, product engineering, and extensive test services for its demanding and well-known customers.

Nextek ensures the highest quality standards not only with the usual ISO 9001, but also certifications and approvals in aerospace (AS 9100D), medical (ISO 13485) and military (ITAR registered), and has unique laboratory capabilities to test materials and ensure the required quality in critical applications. As a result, Nextek is ideally positioned to benefit from growth trends in the industries it serves. 

Rainer Koppitz, CEO of KATEK: "The acquisition of Nextek is already our second foothold in North America. It not only puts us in a position to serve our European customers local-to-local directly in the US but also opens up the opportunity for KATEK to benefit from the generally strong growth trend in North America. With the shift back from Asia and the high level of investment in North America, as well as in the context of the US government's Inflation Reduction Act, we are well-positioned to achieve success. Nextek is an ideal complement to our existing high-value electronics operations in Canada and is already very profitable.

John Roberts, CEO Nextek: "Nextek is thrilled to be part of the KATEK Group. We anticipate a successful integration and a bright future with great growth opportunities as part of KATEK. We look forward with excitement to tapping into the anticipated additional business potential on both sides of the Atlantic. Combined with the strength and capabilities of KATEK Canada, we at Nextek see a very promising future for KATEK in North America. The entire Nextek team can't wait to take the next steps together with KATEK as part of "TeamBlue".

Both sides expect that the realization of many existing synergies, especially in the areas of sales and supply chain, will further increase the company's already good profitability. John Roberts, longtime CEO of Nextek with very good industry knowledge, will continue to lead the location with his entire dedicated management team.

Contact

KATEK Investor Relations
Ramona Kasper
Group Head Marketing & Communications
ir@katek-group.com
+ 49 160 970 88 676

About KATEK

KATEK Group, headquartered in Munich, is one of the fastest growing electronics companies in Europe and aims to make a decisive contribution to the "electronification of the world". KATEK is an end-to-end service provider for high-value electronics. The range of services covers the entire product life cycle. From the development of software and hardware, through rapid prototyping of electronic assemblies and production, to subsequent support of the process at the customer's premises, including logistics, after-sales and service activities.

3,100 employees at locations in Germany, Eastern Europe, North America and Asia produce the megatrends of the future. With its local-to-local approach, KATEK ensures proximity to the customer and at the same time paves the way to the global market. Market leaders from the fastest-growing industries - from electromobility to renewable energies to medical technology - rely on this strategy.

CEO & Co-Founder is Rainer Koppitz and CFO is Dr. Johannes Fues. For more information about KATEK, please visit https://katek-group.com.

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.

 



10.07.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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: 1675463

 
End of News EQS News Service

1675463  10.07.2023 CET/CEST

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