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    DGAP-News  221  0 Kommentare KATEK SE plans IPO in Q2 2021

    DGAP-News: KATEK SE / Key word(s): IPO
    KATEK SE plans IPO in Q2 2021

    14.04.2021 / 07:02
    The issuer is solely responsible for the content of this announcement.


    THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS NOT FOR PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN. PLEASE SEE THE IMPORTANT DISCLAIMER AT THE END OF THIS PRESS RELEASE.

    KATEK SE plans IPO in Q2 2021

    - KATEK SE plans IPO and listing of its shares on the regulated market (Prime Standard) of the Frankfurt Stock Exchange in Q2 2021

    - Strong business development with sustainable sales growth from EUR 164 million in 2018 to most recently over EUR 414 million in 2020

    - KATEK SE is aiming for issue proceeds of approximately EUR 80 million, in particular to accelerate its organic and inorganic growth strategy

    Munich, April 14, 2021 - KATEK SE ("KATEK" or the "Company") is preparing an initial public offering and listing of its shares on the regulated market (Prime Standard) of the Frankfurt Stock Exchange in Q2 2021. The KATEK Group is one of the fastest growing electronics companies in Europe. It offers software and hardware development, prototyping, and manufacturing of high-quality electronics. The products and services of the KATEK Group are in particularly strong demand in the high-growth markets of eMobility, renewable energies, and medical technology. In 2020, the Group generated sales of EUR 414 million - an increase of 59% compared to the previous year. In terms of market share, KATEK is currently number two in Germany and the fastest growing European company in the electronics / electronics services market. [1]

    The planned offering will consist of newly issued shares, i.e. a capital increase, as well as existing shares in connection with a market customary over-allotment (greenshoe option). A secondary placement of existing shares on the part of existing shareholders is not planned. PRIMEPULSE SE will therefore remain the majority shareholder in the future. The offering is planned as a public offering in Germany and private placements with institutional investors in certain jurisdictions outside Germany. A lock-up period of 12 months has been agreed for the Company, its major shareholders and the management. The proceeds from the newly issued shares in the amount of approximately EUR 80 million will be used in particular to accelerate the organic and inorganic growth strategy.

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    DGAP-News KATEK SE plans IPO in Q2 2021 DGAP-News: KATEK SE / Key word(s): IPO KATEK SE plans IPO in Q2 2021 14.04.2021 / 07:02 The issuer is solely responsible for the content of this announcement. THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS NOT FOR PUBLICATION OR DISTRIBUTION …