Kontron AG (XTRA:SANT) agreed to acquire Hartmann Electronic Gmbh and W-IE-NE-R Power Electronics Corp. from Phoenix Mecano AG (SWX:PMN) for ?22.1 million on August 28, 2023. The purchase price is ?22.1 million subject to adjustment depending on the balance sheet upon closing. Hartmann Electronic and W-IE-NE-R Power Electronics has reported revenues of around ?18 million and EBITDA of approximately ?3 million in 2022. The closing of the transaction is expected by Q4.

Kontron AG (XTRA:SANT) completed the acquisition of Hartmann Electronic Gmbh and W-IE-NE-R Power Electronics Corp. from Phoenix Mecano AG (SWX:PMN) on November 1, 2023.