DGAP-Adhoc: Kontron acquires US company AP Labs Group
20.05.2010
Kontron AG / Miscellaneous
20.05.2010 21:59
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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* Strategic investment in future security market
* Strengthening of product portfolio and regional presence
* Expansion of high-margin complete system solution product range
Eching, Munich, May 20, 2010. Through its US subsidiary, Kontron AG, the
globally leading provider of embedded computer systems, has acquired 100
percent of US company AP Labs Group, which is based in San Diego,
California. The group, which has two operating companies, is regarded as
one of the leading system integrators in the areas of defense and
aerospace. Since its inception in 1984 the company has firmly established
itself on the market for the development and series production of highly
complex and robust computer systems, as well as specialized applications.
The purchase price is between USD 30 million and USD 42 million, depending
on future results. The company is highly profitable; its EBIT valuation is
significantly below that of Kontron. Kontron anticipates that both new
subsidiaries will make an annual revenue of USD 30 million. Kontron intends
to integrate AP Labs with its North American Kontron headquarters, which is
also based in San Diego. AP Parpro Inc. also forms part of the corporate
group, which operates cost-efficient production capacities in Mexico.
According to Kontron CEO, Ulrich Gehrmann, the strategic acquisition
creates benefits in varied ways: the US Defense Department's official
accreditation of AP Labs strengthens its regional presence on the
high-margin US security market, and AP Labs' complimentary system product
line perfectly supplements the board product line of Kontron's French
subsidiary (formerly Thales Computers SA) in the security area. With the
purchase, Kontron intends to further expand its position as one of the
world's leading providers of sophisticated complete solutions, thereby
consistently pursuing its new strategy of concentrating on high-margin core
embedded systems.
Investor Relations: Further information:
Gaby Moldan Dr. Udo Nimsdorf
Kontron AG Engel & Zimmermann AG
Oskar-von-Miller-Str. 1, Agentur für Wirtschaftskommunikation
D-85386 Eching Schloss Fußberg, Am Schlosspark 15,
Tel:+498165/77212,Fax+498165/77222 D-82131 Gauting
Tel:+4989-8935633,Fax+4989-89 39 84 29
E-mail: Gaby.Moldan@kontron.com E-mail: info@engel-zimmermann.de
20.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Kontron AG
Oskar-von-Miller-Str. 1
85386 Eching
Deutschland
Phone: 08165-77-225
Fax: 08165-77-222
E-mail: martin.przybyla@kontron.com
Internet: www.kontron.com
ISIN: DE0006053952
WKN: 605395
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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Kontron AG / Miscellaneous
20.05.2010 21:59
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
=--------------------------------------------------------------------------
* Strategic investment in future security market
* Strengthening of product portfolio and regional presence
* Expansion of high-margin complete system solution product range
Eching, Munich, May 20, 2010. Through its US subsidiary, Kontron AG, the
globally leading provider of embedded computer systems, has acquired 100
percent of US company AP Labs Group, which is based in San Diego,
California. The group, which has two operating companies, is regarded as
one of the leading system integrators in the areas of defense and
aerospace. Since its inception in 1984 the company has firmly established
itself on the market for the development and series production of highly
complex and robust computer systems, as well as specialized applications.
The purchase price is between USD 30 million and USD 42 million, depending
on future results. The company is highly profitable; its EBIT valuation is
significantly below that of Kontron. Kontron anticipates that both new
subsidiaries will make an annual revenue of USD 30 million. Kontron intends
to integrate AP Labs with its North American Kontron headquarters, which is
also based in San Diego. AP Parpro Inc. also forms part of the corporate
group, which operates cost-efficient production capacities in Mexico.
According to Kontron CEO, Ulrich Gehrmann, the strategic acquisition
creates benefits in varied ways: the US Defense Department's official
accreditation of AP Labs strengthens its regional presence on the
high-margin US security market, and AP Labs' complimentary system product
line perfectly supplements the board product line of Kontron's French
subsidiary (formerly Thales Computers SA) in the security area. With the
purchase, Kontron intends to further expand its position as one of the
world's leading providers of sophisticated complete solutions, thereby
consistently pursuing its new strategy of concentrating on high-margin core
embedded systems.
Investor Relations: Further information:
Gaby Moldan Dr. Udo Nimsdorf
Kontron AG Engel & Zimmermann AG
Oskar-von-Miller-Str. 1, Agentur für Wirtschaftskommunikation
D-85386 Eching Schloss Fußberg, Am Schlosspark 15,
Tel:+498165/77212,Fax+498165/77222 D-82131 Gauting
Tel:+4989-8935633,Fax+4989-89 39 84 29
E-mail: Gaby.Moldan@kontron.com E-mail: info@engel-zimmermann.de
20.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
=--------------------------------------------------------------------------
Language: English
Company: Kontron AG
Oskar-von-Miller-Str. 1
85386 Eching
Deutschland
Phone: 08165-77-225
Fax: 08165-77-222
E-mail: martin.przybyla@kontron.com
Internet: www.kontron.com
ISIN: DE0006053952
WKN: 605395
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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