GERMANY - Warburg Pincus takes 8.8% stake in Kontron

Warburg acquires 4,895,000 ordinary bearer shares with entitlement to dividends from 1 January 2009 by way of a capital increase. As part of this, Kontron AG's issued share capital will increase from EUR 50,788,024 to EUR 55,683,024 against contributions in cash. The new shares will be issued at an issue price of EUR 7.88 per share, for which the company receives a total gross amount of approximately EUR 38.6m.

The new funds will enable the business to make strategic acquisitions.

Kontron AG is a manufacturer of embedded computer technology (ECT) and supplies OEMs, system integrators and application providers in a range of market segments, such as data and telecommunications, automation, mobile computing, medical technology, military technology, aerospace, and measuring and control engineering. The company is headquartered in Eching; further important locations are Kaufbeuren, Deggendorf, Pittsburgh, San Diego, Montréal, Penang, Taipei, Moscow, and Beijing. The Kontron Group employs more than 2,500 employees and is listed in the TecDAX 30 Index.

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• Topics
• Expansion
• DACH