Kontron AG announces the signing of a contract to purchase 100% of the shares in Comlab AG, Switzerland a specialist for data communication repeaters for Railways. Comlab generated EUR 20 million of business in 2022 at a break-even result. The closing of the transaction is expected by the end of July.
Comlab will be fully integrated into Kontron Transportation, which is targeting to strengthen its footprint in the Railway market with this acquisition. Comlab comes along with its own product portfolio, strong engineering capabilities, and a footprint in the Swiss, German and Chinese markets, where Kontron Transportation is looking to increase its presence. The products of Comlab play an essential role in mission-critical networks by amplifying and repeating signals.
Comlab has been developing radio frequency since 1971. The company is leading in digital communication systems for railways. The company has more than 110 employees in Switzerland, Germany and China with an expected revenue of EUR 25 million and a net income of EUR 2 million for 2024.
“With the Comlab acquisition, we will enhance our product portfolio and engineering capabilities. Comlab's presence and expertise in Switzerland will be instrumental in our market entry and growth in this important region, particularly due to their Railway, Secondary Line, and Public Transport infrastructure," says Bernd Eder, CEO of Kontron Transportation.
Our successful M&A strategy is essential in driving our growth plans in the dynamic IoT space. I am delighted to announce our second promising acquisition in 2023 with ComLab," says Hannes Niederhauser, CEO of Kontron AG.