PRESS RELEASE: Kontron acquires US company AP Labs Group
21.05.2010
Kontron AG / Miscellaneous
..
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher 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 21, 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.
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 headquarters, which is also based in San Diego. Kontron has access
to cost-efficient, local production capacities as the result of the company
AP Parpro Inc., which also forms part of the group and is located in
Mexico, close to Kontron's NA headquarters.
For Kontron, whose revenue share in the security application area had
already grown to 16 percent in the last business year, the strategic
acquisition brings advantages in many respects, 'We are strengthening
ourselves both regionally in the USA, and also in the area of high-margin
complete solutions,' commented Kontron CEO Ulrich Gehrmann. 'AP Labs'
complementary system product line also perfectly supplements our French
subsidiary's board product range in the security segment, which reports
consistent growth, and has historically been independent of business
cycles.' In 2008, Kontron acquired the former French company Thales
Computers SA from Thales Group, strengthening Kontron both in the
defense/aerospace area, and regionally in Europe. The US Defense
Department's official accreditation of AP Labs also now facilitates even
better access for Kontron into the high-margin US market.
With its most recent purchase, Kontron intends to further expand its
position as one of the world's leading providers of sophisticated complete
solutions for the security area, thereby consistently pursuing its new
strategy of concentrating on high-margin core embedded systems. Mr.
Gehrmann further explains, 'The future lies in high-margin and highly
complex systems and solutions, as delivered by AP Labs. As an innovation
leader, we aim to, and must, concentrate on this area.' AP Labs' strengths
in the engineering area should also help Kontron to further optimize both
future development costs and times to product launch. Time-to-market will
also be reduced significantly as a result of the complete solutions product
range.
Investor Relations: Further information:
Gaby Moldan Dr. Udo Nimsdorf
Kontron AG Engel & Zimmermann AG
Oskar-von-Miller-Str. 1, Agentur für Wirtschaftskommunikation
85386 Eching Schloss Fußberg, Am Schlosspark 15,
Tel: 08165/77212, Fax 08165/77222 82131 Gauting
Tel: 089-89 35 633, Fax: 089-89 39 84 29
E-mail: Gaby.Moldan@kontron.com E-mail: info@engel-zimmermann.de
.. 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
..
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher 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 21, 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.
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 headquarters, which is also based in San Diego. Kontron has access
to cost-efficient, local production capacities as the result of the company
AP Parpro Inc., which also forms part of the group and is located in
Mexico, close to Kontron's NA headquarters.
For Kontron, whose revenue share in the security application area had
already grown to 16 percent in the last business year, the strategic
acquisition brings advantages in many respects, 'We are strengthening
ourselves both regionally in the USA, and also in the area of high-margin
complete solutions,' commented Kontron CEO Ulrich Gehrmann. 'AP Labs'
complementary system product line also perfectly supplements our French
subsidiary's board product range in the security segment, which reports
consistent growth, and has historically been independent of business
cycles.' In 2008, Kontron acquired the former French company Thales
Computers SA from Thales Group, strengthening Kontron both in the
defense/aerospace area, and regionally in Europe. The US Defense
Department's official accreditation of AP Labs also now facilitates even
better access for Kontron into the high-margin US market.
With its most recent purchase, Kontron intends to further expand its
position as one of the world's leading providers of sophisticated complete
solutions for the security area, thereby consistently pursuing its new
strategy of concentrating on high-margin core embedded systems. Mr.
Gehrmann further explains, 'The future lies in high-margin and highly
complex systems and solutions, as delivered by AP Labs. As an innovation
leader, we aim to, and must, concentrate on this area.' AP Labs' strengths
in the engineering area should also help Kontron to further optimize both
future development costs and times to product launch. Time-to-market will
also be reduced significantly as a result of the complete solutions product
range.
Investor Relations: Further information:
Gaby Moldan Dr. Udo Nimsdorf
Kontron AG Engel & Zimmermann AG
Oskar-von-Miller-Str. 1, Agentur für Wirtschaftskommunikation
85386 Eching Schloss Fußberg, Am Schlosspark 15,
Tel: 08165/77212, Fax 08165/77222 82131 Gauting
Tel: 089-89 35 633, Fax: 089-89 39 84 29
E-mail: Gaby.Moldan@kontron.com E-mail: info@engel-zimmermann.de
.. 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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