KATEK SE, the second largest German electronics service provider, is taking over the Leipzig-based Leesys Group. The Munich-based electronics service provider is thus continuing 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 consent to the transfer and the conclusion of a company wage agreement that will keep the Leipzig site competitive in the long term.
Leesys has been successful on the market for years, but has filed for insolvency under self-administration due to the slump in sales of two major customers in the crisis year 2020. As part of the transaction, KATEK is taking over
- the Leipzig electronics site with almost 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 older 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 in the KATEK fleet. We are delighted that we have been able to convince Dr. Arnd Karden, Managing Director for many years, to continue his consistent course of economically sustainable positioning as part of the KATEK family in the future."
Dr. Arnd Karden, future Managing Director of KATEK Leipzig GmbH, adds: "We are delighted to have a partner in KATEK SE that will enable us to continue our successful course of 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, but also our suppliers and employees, for their loyalty and our promise to continue our successful collaboration to date."
The acquisition is a consistent continuation of KATEK's strategy of continuing to grow in its core area of electronics services while at the same time building up new expertise in the high-potential, demanding area of high value electronics. This includes, for example, TeleAlarm with its successful solutions in the health care market.
