DGAP-News

KATEK SE with successful stock market debut

DGAP-News: KATEK SE / Key word(s): IPO KATEK SE with successful stock market debut 04.05.2021 / 12:06 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 THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS NOT FOR PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN.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 with successful stock market debut

Munich, May 04, 2021 - KATEK SE, a leading European electronics company offering hardware and software development, prototyping and manufacturing, and related services, was successfully launched on the Frankfurt stock market today. In the course of this morning the share price rose to more than 31.00 Euro, showing an increase of more than 34 percent compared to the issue price of 23.00 Euro.

"Today starts a new chapter for KATEK. The successful IPO creates the best conditions for us to continue our growth strategy. In the past, strategic acquisitions in particular and our efforts in the growth markets of e-mobility, renewables and medical technology have made a significant contribution to positioning KATEK among the market leaders in the European electronics industry. We look forward to being able to continue our profitable growth course now as a listed company", says Rainer Koppitz, CEO & Co-Founder of KATEK SE.

The issue proceeds will be used for the continuation of the organic growth and increase of overall profitability by focusing on high-value electronics solutions in growth markets such as IoT solutions, e-mobility, renewables and healthcare. Additionally, strategic acquisitions are to be made to continue the inorganic growth strategy and to strengthen the company, primarily in the growth markets.

The offer of KATEK SE comprised 3,433,080 shares from a capital increase as well as a market customary over-allotment (greenshoe option) consisting of 514,962 shares from the holdings of the main shareholders. All 3,948,042 shares offered were placed. The placement volume including the greenshoe option therefore totals around 91 million euros. The shares carry the international securities identification number (ISIN) DE000A2TSQH7 and the securities identification number (WKN) A2TSQH.