DGAP-Adhoc

Kontron AG to sell a 49% stake in its subsidiary Kontron Canada Inc. to Ennoconn Corporation

Kontron AG / Key word(s): Strategic Company Decision

22.01.2016 07:39

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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* Kontron AG and Ennoconn to enter into a strategic partnership in the
Communication business
* Ennoconn to take a 49% stake in Kontron's subsidiary, Kontron Canada Inc.
(KCI), paying US$ 57.3 million (approximately EUR 52.5 million)


Augsburg, Germany, January 22, 2016 - Kontron AG and Ennoconn Corporation
have agreed to enter into a strategic partnership. To this effect, Ennoconn
will take a 49% stake in KCI, paying US$ 57.3 million (approximately EUR
52.5 million) to Kontron AG. This transaction will be subject to regulatory
and corporate approvals, which are expected to be obtained during early
2016.

The partnership is a transformational milestone for Kontron with major
implications for its strategic move to become a leading provider of
hardware/software solutions, as well as its presence in the APAC region. By
taking this step with Ennoconn, one of the largest hardware manufacturers
globally, Kontron positions itself to take advantage of a rapidly changing
technological world, determined primarily by the brisk development of the
Internet of Things (IoT).



For further information:
Alexandra Habekost
Head of Investor Relations
Kontron AG
Tel: [phone]
[e-mail]

Chari Lazaridis
Head of Global Corporate Communications
Kontron AG
Tel: [phone]
[e-mail]


22.01.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Kontron AG
Lise-Meitner-Straße 3-5
86156 Augsburg
Germany
Phone: [phone]
Fax:
E-mail: [e-mail]
Internet: www.kontron.com
ISIN: DE0006053952
WKN: 605395
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart

End of Announcement DGAP News-Service

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