40 percent of shares and voting majority acquired. Strategic investment in future-oriented energy market
Eching, Munich, July 26, 2010. Kontron AG, a globally leading provider of embedded computer systems, has taken a stake in Ubitronix System Solutions GmbH, which is based at the Austrian location of Hagenberg. As of July 26, 2010, 40 percent of the shares and the majority of the voting rights of the energy management specialist were acquired. Kontron also secured an option to top up its share stake to more than 70 percent. Kontron is providing its shares in Quanmax Inc. in a share exchange as part of this non-cash transaction. Kontron most recently held 19 percent in Quanmax Inc., which is listed on the Taipei stock exchange. The share value at the stock exchange amounts to EUR 4 million. These shares have nevertheless no longer been consolidated in Kontron's balance sheet since 2008.
With this strategic acquisition, Kontron aims to focus to a greater extent on the future-oriented energy market. Ubitronix provides energy utilities and network operators with hardware and software solutions for the growing challenges presented by the liberalized energy market, particularly for the smart grids and smart metering area. Synergies arise for both companies: Kontron aims to use Ubitronix's know-how to shorten times to product launch for its standard and customer-specific, robust industry PCs, high-availability and failsafe servers, and gateways and switches for the growing key market of energy. Kontron will also be able to offer OEM solutions for smart grid and smart metering in the future. Ubitronix will receive access to Kontron's global supply chain, thereby reducing its materials and production costs.
Tel: 08165/77212, Fax 08165/77222
Dr. Udo Nimsdorf
Engel & Zimmermann AG
Agentur für Wirtschaftskommunikation
Schloss Fußberg, Am Schlosspark 15,
Tel: 089-89 35 633, Fax: 089-89 39 84 29