Product category:
PC-Compatible Boards and Assemblies
News Release from: Kontron UK
Edited by the Electronicstalk Editorial
Team on 08 August 2002
Go-ahead for Jumptec merger
The shareholders of Kontron Embedded Computers have overwhelmingly approved the previously announced merger between Kontron and Jumptec Industrielle Computertechnik.
The shareholders of Kontron Embedded Computers have overwhelmingly approved the previously announced merger between Kontron and Jumptec Industrielle Computertechnik The merger, which received 99.98% shareholder approval, had already been approved by Jumptec shareholders at their annual meeting in June
This article was originally published on Electronicstalk on 30 Jun 2008 at 8.00am (UK)
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The merged companies will operate under the corporate name of Kontron.
The merger between Kontron and Jumptec creates the first full service embedded computer company to provide an extensive product offering combined with worldwide sales, service, and support available 24 hours a day, 7 days a week, 365 days a year.
In addition, the combined engineering resources from the two companies will further strengthen Kontron's ability to quickly provide leading technology its customers.
Some of the key Jumptec products to be added to Kontron's portfolio are: PC/104 embedded SBCs for small form factor, off-the-shelf solutions; DIMM-PC extremely small, component SBCs for deeply embedded solutions; and embedded technology extended (ETX) high-performance, highly integrated system-on-module SBCs for custom solutions.
The merger agreement was approved in April 2002 by Kontron and JUMPtec management, based on each company's internal recommendations and reports from outside analysts.
Over the next 2 years, Kontron expects to achieve EUR25 million in savings as the result of economies of scale.
Under the merger terms, each Kontron shareholder will receive 11 shares in the new company for every 10 old Kontron shares, while Jumptec shareholders will receive five shares for every seven Jumptec shares, as well as Eur0.01739 in cash for each Jumptec share.
The share exchange is expected to occur in August 2002.
Jumptec financial results are expected to be incorporated into Kontron financial reporting beginning in September 2002. Request free introductory details about products from Kontron UK ...
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