DGAP-News: PRIMEPULSE SE / Key word(s): Takeover
MEMBER OF PRIMEPULSE: KATEK acquires Leesys Group in Leipzig
Long-term continuity ensured for customers, employees and suppliers
Munich, 23.12.2020 - The second largest German electronics service provider KATEK, a portfolio company of PRIMEPULSE SE, acquires the Leipzig-based Leesys Group and thus continues its growth course.
The finalization of the transaction is planned for the beginning of next year and is subject to the approval of the antitrust authorities, broad employee approval of the transfer and the conclusion of an in-house collective bargaining agreement that will keep the Leipzig site competitive in the long term.
Leesys has been successful in the market for years, but opened insolvency in self-administration due to the collapse in sales of two major customers in the crisis year 2020. KATEK takes over in the course of the transaction:
- the Leipzig electronics site with just under 250 employees, as well as all obligations arising from ongoing business operations with customers and suppliers,
- the Leesys site in Lithuania
- as well as the TeleAlarm Group with locations in Switzerland, the Netherlands and Germany - a market leader in the field of hardware and software solutions that help elderly people and people with physical disabilities to lead a self-determined life in their familiar surroundings.
Rainer Koppitz, CEO of the KATEK Group: "Leesys, the future KATEK Leipzig GmbH, with its subsidiary TeleAlarm, will become another independently managed speedboat of the KATEK fleet. We are pleased that we were able to convince the long-standing managing director Dr. Arnd Karden to continue his consistent course of economically sustainable positioning in the future as part of the KATEK family."
Dr. Arnd Karden, future Managing Director of KATEK Leipzig GmbH, adds: "We are pleased to have a partner in KATEK SE that will enable us to continue the successful course we have been pursuing in recent years. Our expertise in the development and production of complete systems, especially in the automotive, industry and smart city sectors, has led to numerous successful projects with our customers; for example, in products for eMobility such as charging technology or for IoT applications. I would like to thank our customers, as well as our suppliers and employees, for their loyalty, and promise to continue our successful cooperation."
The acquisition is a logical continuation of KATEK's strategy of further growth in its core area of electronics services, while at the same time building up new competencies in the high-potential, sophisticated area of high-value electronics. This includes, for example, TeleAlarm with its successful solutions in the health care market.
KATEK forms the Electronics division of the technology-oriented PRIMEPULSE group of companies based in Munich. Klaus Weinmann, CEO of KATEK's majority shareholder PRIMEPULSE SE: "Almost exactly four years ago, we as PRIMEPULSE laid the foundation for today's KATEK and its path to becoming a leading European service provider in the electronics sector with the purchase of Steca in Memmingen. With Leesys, KATEK gains not only an experienced and motivated management but also an established company with a first-class reputation in the electronics environment. The acquisition, as well as the economic tailwind we expect in 2021, is expected to grow the KATEK Group to well over half a billion euros in sales."
The internationally active KATEK SE Group is one of the leading electronics service providers in Europe. With its 2,400 employees at locations in Germany and Eastern Europe, the KATEK Group generates sales revenues of around 400 million euros. Its range of services covers the entire life cycle of electronic assemblies and devices, from development to materials and project management, electronics manufacturing, box building, test engineering, logistics and after-sales service. KATEK thus serves a production volume ranging from prototypes and small series to large series for all industries. Find out more at www.katek-group.de
PRIMEPULSE is a dynamic global investment holding based in Munich. Its focus is on technology-oriented companies in promising business areas. The group of companies generates consolidated annual sales revenues of one billion Euros and employs more than 5,000 people worldwide. PRIMEPULSE pursues a long-term, value-oriented investment approach and sees itself as a strategic partner of its Group companies, actively supporting them in their growth ambitions. Behind PRIMEPULSE are the founders of MDAX-listed CANCOM SE. Find out more at www.primepulse.de
23.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.