KATEK SE: KATEK strengthens eMobility business by investing in iOX Mobility GmbH

DGAP-News: KATEK SE / Key word(s): Investment
13.10.2021 / 12:24
The issuer is solely responsible for the content of this announcement.

KATEK strengthens eMobility business by investing in iOX Mobility GmbH

Munich, October, 13th, 2021 – Today KATEK SE acquired 10% of the shares in Pullach-based iOX Mobility GmbH as part of a capital increase. iOX Mobility GmbH is a young company that develops and realizes radical innovations for eMobility on water. Industry-leading companies in the marine industry and a leading manufacturer in the automotive industry are among the company’s cooperation partners. The launch of the first products is planned for 2022. As part of the agreement, KATEK will be the exclusive electronics partner for iOX Mobility GmbH’s future products. The investment is part of the KATEK strategy to play a leading role in the development and production of the necessary high value electronics in this field of eMobility. Analogous to the development on land, eMobility on water will also grow strongly in the next few years. iOX Mobility GmbH was founded in 2021 by Torqeedo founder Christoph Ballin and iOX Mobility managing director Tobias Hoffritz. In addition to KATEK SE, Primepulse SE as well as KATEK CEO and Co-Founder Rainer Koppitz and Christoph Ballin participated in the financing round.

Tobias Hoffritz, CEO iOX Mobility GmbH: „In order to make mobility on water sustainable and climate-neutral in the future, a large number of disruptive innovations are required. Our goal is to rethink all business areas in a new and holistic way and to develop innovative ecosystems.“

Rainer Koppitz, CEO KATEK SE: „eMobility is becoming relevant for more and more areas. This increases the demand for high value electronics solutions. We as KATEK Group are specialized in this field and look forward to exciting projects with iOX Mobility.“

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The KATEK Group is a leading European electronics company offering hardware and software development, prototyping and manufacturing, and related services in the market for high-end electronics and electronics services. The KATEK Group currently employs around 2,600 employees* in Germany and Eastern Europe. CEO is Rainer Koppitz and CFO is Dr. Johannes Fues. For more information about KATEK, please visit https://katek-group.de/.

Statements contained herein may constitute „forward-looking statements“. Forward-looking statements are identified by words such as „may,“ „will,“ „should,“ „plans,“ „expects,“ „anticipates,“ „estimates,“ „believes,“ „intends,“ „has in mind,“ „targets“ or their negative form or equivalent variations and comparable terminology.

Forward-looking statements are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that may cause the actual results, levels of utilization, performance or achievements of the Group or the industries in which it operates to be materially different from those expressed or implied by such statements. Undue reliance should not be placed on forward-looking statements. The Group will not update or revise any forward-looking statements contained herein as a result of new information, future events or otherwise.

13.10.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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