MUNICH – Katek SE announced that it has finalized the acquisition of Madison, AL-based electronics supplier Nextek. 

The acquisition, which was first announced last November, expands Katek's presence in North America and strengthens its industry presence in the fast-growing areas of homeland security & defense, medical technology, energy, high-end industrial and the aerospace area, which is new for Katek, the company said in a release.

With around 160 employees and annual sales of more than $43 million in 2022, Nextek is a developer of highly complex products for critical application areas, especially in the areas of prototyping and production of small to medium quantities and complements Katek Canada (formerly SigmaPoint) as a high-volume provider of complex electronics perfectly. Both companies benefit from the strong reshoring trend in North America, which is progressing massively due to the current economic and geopolitical tensions, Katek said.

In addition to quick-turn prototype manufacturing, Nextek offers sophisticated PCBA and complete device construction (box built) as well as analytical engineering, product engineering and extensive test services for its customers. Nextek is ISO 9001 certified and has obtained certifications and approvals in the field of aviation (AS 9100D), medical technology (ISO 13485) and military technology (ITAR registered), and also has laboratory facilities for material testing and ensuring the required quality in critical application areas.

"The acquisition of Nextek is already our second pillar in North America. It not only enables us to serve our European customers local-to-local directly in the USA, but also opens up the opportunity for Katek to benefit from the generally strong growth trend in North America," said Katek CEO Rainer Koppitz. "With the relocation from Asia and the high investments in North America as well as in connection with the 'Inflation Reduction Act' of the American government, we are well positioned to achieve success. Nextek ideally complements our existing location in Canada in the field of high-value electronics and is already very profitable."

"Nextek is thrilled to be part of the KATEK Group. We anticipate a successful integration and a bright future with great growth opportunities as part of Katek," said Nextek CEO John Roberts. "We look forward with excitement to tapping into the anticipated additional business potential on both sides of the Atlantic. Combined with the strength and capabilities of Katek Canada, we at Nextek see a very promising future for Katek in North America. The entire Nextek team can't wait to take the next steps together with Katek as part of 'TeamBlue.'"

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