The Katek Group, a leading European EMS/electronics company, had its successful IPO (Initial Public Offering) on the Frankfurt Stock Exchange today. In the course of the morning, the share was quoted at over €31.00, an increase of more than 34% compared to the issue price of €23.00. According to CEO Rainer Koppitz and CFO Dr. Johannes Fues, the proceeds from the issue will be used to continue organic growth and increase overall profitability by focusing on high-quality electronics solutions in growth markets such as IoT solutions, eMobility, Renewables and Healthcare.
In addition, strategic acquisitions will continue the inorganic growth strategy and enable the company to strengthen its position primarily in growth markets. Co-founder Koppitz: "Today marks the beginning of a new chapter for Katek. The successful IPO creates the best conditions for us to continue our growth strategy. In particular, strategic acquisitions and our activities in the growth markets of eMobility, renewable energies and medical technology have made a significant contribution in the past to positioning us among the market leaders in the European electronics industry and now to developing us into a listed company."
Katek SE's offer comprised 3,433,080 shares from a capital increase and a customary greenshoe option consisting of 514,962 shares from the holdings of the main shareholders. All 3,948,042 shares offered were placed. The placement volume including the greenshoe option thus amounts to around € 91 million. The shares bear the international securities identification number (ISIN) DE000A2TSQH7 and the securities identification number (WKN) A2TSQH.
The Katek Group is one of Europe's leading EMS/electronics companies. With its production divisions and subsidiaries, it can offer hardware and software development, prototyping and manufacturing as well as related services for high-quality electronics and electronics services. The Group currently employs around 2,600 people in Germany and Eastern Europe. The CEO is Rainer Koppitz and the CFO is Dr. Johannes Fues.
