Kontron/Telit Cinterion
Kontron acquires Cellular Automotive Module Unit
Kontron has signed an asset deal with Telit Cinterion. The acquisition of Telit Cinterion's Cellular Automotive Module Unit is a strategic step for Kontron to expand its Internet of Things portfolio with proprietary software technology.
The acquisition of Telit Cinterion's Cellular Automotive Module Unit enables Kontron to expand its product portfolio, increase its internal development capacities and meet the growing demand for modern 4G/5G solutions. By integrating Telit Cinterion's Cellular Automotive solutions into its own IoT software technology portfolio, Kontron is further developing its expertise. Hannes Niederhauser, CEO Kontron AG: "Today's acquisition is another milestone on Kontron's path to becoming a leading global provider of IoT solutions. Telit Cinterion's products seamlessly complement our own 5G and real-time technologies for the automotive industry."
The unit's assets generated revenues of just over €100 million in 2022 and will be integrated into Kontron Europe GmbH, a subsidiary of Kontron AG. The purchase price amounts to € 24.5 million. Closing is expected to take place by August.
You might also be interested in
Integrated data interfaces to SQL databases
Kontron presents the new release of the 'Connect IoT Bundle', which offers an extended range of functions for machine builders and operators.
read more...On a shopping spree
Kontron AG now announces the acquisition of Hartmann and W-IE-NE-R, a group of rugged computer systems manufacturers based in Germany and the United States, from Phoenix Mecano AG.
read more...Motherboard in Mini-ITX format
Kontron presents the 'K3836-Q/R mITX', a motherboard in a compact mini-ITX format. It is equipped with the latest Intel Core processors of the 12th, 13th and 14th generation and a set of modern interfaces.
read more...5G module production entirely in Europe
Kontron has announced that it will manufacture its 5G modules entirely in Europe in future. In doing so, the company wants to underline its commitment to shorter supply chains, Europe's technological sovereignty and the reduction of CO2 emissions.
read more...Control panel series updated
Kontron has developed a new generation of its Control Panels which, thanks to the more powerful Arm NXP i.MX8M Plus processors, provide a significant performance boost compared to previous models.
read more...The top articles in January 2024
The year is off to a fast start for companies and is already bringing with it all kinds of collaborations and changes at this early stage. Developments in the field of robotics and control technology are not standing still either, as our top...
read more...Majority stake in Katek SE acquired
On January 18, Kontron AG agreed the acquisition of around 60 % of the shares in the listed company Katek SE. The buyer is the wholly-owned German subsidiary Kontron Acquisition GmbH, which is acquiring the shares from the previous Katek majority...
read more...The e-paper special: looking for products of the year 2024
They've earned it: all 96 nominated products from 12 categories in their own e-paper. Browse through the individual areas and make your personal selection. You can also find out more about the companies and their solutions in the accompanying video...
read more...Integrated data interfaces to SQL databases
Kontron presents the new release of the 'Connect IoT Bundle', which offers an extended range of functions for machine builders and operators.
read more...