EQS-News

KATEK SE: KATEK signs purchase agreement for 100% takeover of American Nextek and decides on capital increase

EQS-News: KATEK SE / Key word(s): Capital Increase/Takeover KATEK SE: KATEK signs purchase agreement for 100% takeover of American Nextek and decides on capital increase 29.11.2022 / 08:30 CET/CEST The issuer is solely responsible for the content of this announcement. KATEK signs purchase agreement for 100% takeover of American Nextek and decides on capital increase

KATEK and the shareholders of Nextek, a US-based supplier of high-tech and high-value electronics, have signed a Share Purchase Agreement to acquire all shares in Nextek. KATEK thus expands its presence in North America with a site in Alabama, USA. At the same time, KATEK announces a capital increase in order to take advantage of the current growth opportunities.

Munich, November 29th, 2022 - KATEK SE has concluded a purchase agreement with the owners of Nextek Inc. in Madison, USA, to acquire all shares in the US company. The purchase agreement includes the acquisition of 100% of the shares in Nextek. This is already the second transaction in North America this year; the acquisition of the Canadian SigmaPoint Technologies Inc. took place only in August 2022. The transaction is subject to the necessary regulatory approvals and closing is expected in the first quarter of 2023 at the latest.

The acquisition not only expands KATEK's site presence in North America, but also strengthens its access in the fast-growing Homeland Security & Defense, Medical, Energy, Highend Industrial and Aerospace sectors, which are new to KATEK. Nextek generated profitable annual sales of $37 million last fiscal year with approximately 170 employees. Nextek is successful in the field of highly complex products for critical applications with a focus on prototyping and small to medium volume production.

Rainer Koppitz, CEO & Co-Founder of KATEK: "This new member of the KATEK family ideally complements the acquisition of Canadian SigmaPoint, which was completed only in August, as a high-volume supplier of complex electronics. Both companies benefit from the strong reshoring trend in North America, which is currently massively accelerated by the current economic and geopolitical tensions."