MUNICH – Electronics manufacturer Katek acquired fellow EMS Leesys Group for an undisclosed sum.

The finalization of the transaction is planned for the beginning of 2021 and is subject to the approval of the antitrust authorities, employee approval of the transfer and the conclusion of an in-house collective bargaining agreement.

Katek will take control of the Leesys Group’s Leipzig electronics site and its nearly 250 employees; the Leesys site in Lithuania; and the TeleAlarm Group with locations in Switzerland, the Netherlands and Germany.

Leesys reportedly opened insolvency as a result of a drop in sales because of two customers in 2020.

“Leesys, the future Katek Leipzig, with its subsidiary TeleAlarm, will become another independently managed speedboat of the Katek fleet,” said Rainer Koppitz, CEO of Katek. “We are pleased that we were able to convince the long-standing managing director Dr. Arnd Karden to continue his consistent course of economically sustainable positioning in the future as part of the Katek family.”

“We are pleased to have a partner in Katek that will enable us to continue the successful course we have been pursuing in recent years,” said Arnd Karden, Ph.D., future managing director of Katek Leipzig. “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, as well as our suppliers and employees, for their loyalty, and promise to continue our successful cooperation.”