KATEK SE (DB:KTEK) signed a comprehensive, exclusive term sheet to acquire Sigmapoint Technologies Inc. on April 6, 2022. KATEK SE signed a purchase agreement to acquire of SigmaPoint Technologies Inc. on May 30, 2022. Chief Executive Officer Dan Bergeron and the full management team will continue to lead SigmaPoint after the acquisition.

The transaction is subject to the necessary official approvals, such as the competition authorities. The negotiation of the associated share purchase agreement should be concluded shortly with the closing planned for the end of Q2 at the latest. The transaction is expected to close soon.

The closing of the transaction is expected shortly after the publication of the half-year report.