PRESS RELEASE: Kontron AG finalizes acquisition of INTEL's(R) Communication Rackmount Server Operation
10.10.2008
Kontron AG / Miscellaneous
10.10.2008
Release 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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Eching, Munich, October 10, 2008. Kontron AG, one of the world's leading
suppliers of embedded computer systems, has finalized its announced
acquisition of INTEL's(R) Communication Rackmount Server Operation. This
means Kontron America Inc., a 100 percent Kontron AG subsidiary, based in
San Diego, is now the owner of the business.
The Intel carrier-grade rackmount and network server team mainly centered
in Columbia, South Carolina, and Penang, Malaysia, includes various
employees engaged in engineering, product development, product marketing,
technical support and operations worldwide. Kontron's Management expects
for 2009 revenue from this new acquisition of more than USD 40 million.
This acquisition is considered a strategic opportunity and is expected to
close shortly. This intact group in Intel, with around 70 employees, has
many years of expertise in world-class server technology, including
high-density mechanical and electronic design, thermal and vibration
analysis, and implementation of high-standards of secure and
uninterruptible operations.. To help ensure a continuous supply of
products and a high-quality of support and services to Intel customers,
both Intel and Kontron will work jointly in the transition period to
provide a smooth and seamless hand-over of products, projects, and customer
and distributor relationships. Customers will also be backed by Kontron's
strong global presence, flexible supply chain capabilities; including a
high-volume manufacturing services facility in Penang, Malaysia, and
engineering and technical support services.
Investor Relations: For 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: 08165/77212, Fax 08165/77222 D-82131 Gauting
Tel: 089-8935633,Fax: 089-89 39 84 29
Email: Gaby.Moldan@kontron.com Email: info@engel-zimmermann.de
10.10.2008 Financial News transmitted by DGAP
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Language: English
Issuer: 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, Hannover, München, Hamburg, Düsseldorf, Stuttgart
End of News DGAP News-Service
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Kontron AG / Miscellaneous
10.10.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
=--------------------------------------------------------------------------
Eching, Munich, October 10, 2008. Kontron AG, one of the world's leading
suppliers of embedded computer systems, has finalized its announced
acquisition of INTEL's(R) Communication Rackmount Server Operation. This
means Kontron America Inc., a 100 percent Kontron AG subsidiary, based in
San Diego, is now the owner of the business.
The Intel carrier-grade rackmount and network server team mainly centered
in Columbia, South Carolina, and Penang, Malaysia, includes various
employees engaged in engineering, product development, product marketing,
technical support and operations worldwide. Kontron's Management expects
for 2009 revenue from this new acquisition of more than USD 40 million.
This acquisition is considered a strategic opportunity and is expected to
close shortly. This intact group in Intel, with around 70 employees, has
many years of expertise in world-class server technology, including
high-density mechanical and electronic design, thermal and vibration
analysis, and implementation of high-standards of secure and
uninterruptible operations.. To help ensure a continuous supply of
products and a high-quality of support and services to Intel customers,
both Intel and Kontron will work jointly in the transition period to
provide a smooth and seamless hand-over of products, projects, and customer
and distributor relationships. Customers will also be backed by Kontron's
strong global presence, flexible supply chain capabilities; including a
high-volume manufacturing services facility in Penang, Malaysia, and
engineering and technical support services.
Investor Relations: For 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: 08165/77212, Fax 08165/77222 D-82131 Gauting
Tel: 089-8935633,Fax: 089-89 39 84 29
Email: Gaby.Moldan@kontron.com Email: info@engel-zimmermann.de
10.10.2008 Financial News transmitted by DGAP
=--------------------------------------------------------------------------
Language: English
Issuer: 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, Hannover, München, Hamburg, Düsseldorf, Stuttgart
End of News DGAP News-Service
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