KATEK SE agreed to acquire Leesys - Leipzig Electronic Systems GmbH on December 23, 2020. KATEK takes over Leipzig electronics site with just under 250 employees, as well as all obligations arising from ongoing business operations with customers and suppliers, Leesys site in Lithuania and TeleAlarm Group with locations in Switzerland, the Netherlands and Germany. Leesys will be the future KATEK Leipzig GmbH.

TeleAlarm, will become another independently managed speedboat of the KATEK fleet. Arnd Karden, Managing Director will continue as part of the KATEK family. The transaction is subject to the approval of the antitrust authorities in Germany and Austria.

The finalization of the transaction is planned for the beginning of 2021. The transaction is expected to close in February 2021. Marlies Raschke, Felix Ferdinand Winkler, Jens Gehlich, Fabian Badtke, Lorenz Jarass and Benjamin Jahn of Noerr LLP acted as legal advisor to Leesys - Leipzig Electronic Systems GmbH.

Boris Dürr, Georg Streit, Ulrich Jork, Astrid Wellhöner, Christian Schild, Reinhard Siegert, Arnold Büssemaker, Peter M. Schäffler, Steffen Wilberg, Ruth Schneider, Stephanie Wurm, Sarah Kraft, Ralf Nobis, Maximilian Dengler and Eric Chris Baumgartner of Heuking Kühn Lüer Wojtek acted as legal advisor to KATEK SE.