Kontron AG Finalizes Acquisition of Thales Computers SA of France
Eching, Germany / Neuilly sur Seine, France, March 7, 2008 - Kontron AG, one of the world's leading suppliers of embedded computer systems, has finalized its announced acquisition of the French company Thales Computers SA, a subsidiary of the Thales Group. As already communicated by the respective companies, the acquisition has now received the required approvals from both the workforce representatives and the French ministry of Economy and Finance. This means Kontron Modular Computers GmbH, a 100 percent Kontron subsidiary based in Kaufbeuren, is now the owner of all shares outstanding in the Thales Computers SA.
Thales Computers SA will generate annual sales of approximately EUR 20 million, and has a workforce of around 100 employees. The company commands particular strengths in the high-end application areas in the government, aerospace, and transportation sectors. According to statements made by Ulrich Gehrmann, CEO of Kontron AG, the acquisition represents a strategic purchase for Kontron since it compensates Kontron for its disinvestment from its mobile, rugged embedded computer business in the US (Mobile Rugged business - MRD). This division was sold to Crane Co, Stamford, Connecticut, in August 2007.
About Kontron
Kontron designs and manufactures standard-based and custom embedded and communication solutions for OEMs, systems integrators, and application providers in a variety of markets. Kontron engineering and manufacturing facilities, located throughout Europe, North America, and Asia-Pacific, work together with streamlined global sales and support services to help customers reduce their time-to-market and gain a competitive advantage. Kontron's diverse product portfolio includes: Computer-on-Modules, SBCs/blades, open-modular platforms and systems, HMIs, and custom capabilities. Kontron is a Premier member of the Intel® Embedded and Communications Alliance and was awarded 2006 Intel Member of the Year. The company is a recent three-time VDC Platinum vendor for Embedded Computer Boards. Kontron is listed on the German TecDAX stock exchange under the symbol "KBC". For more information, please visit: www.kontron.com.
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