KATEK Acquires Nextek in the US
KATEK’s previously announced acquisition of Nextek, a US-based provider of high-tech and high-value electronics, has been successfully completed. This expands KATEK’s presence in North America to include an electronics specialist with high-tech customers in the US.
Munich, July 10, 2023 – Munich-based KATEK SE is acquiring 100 percent of the shares of Nextek, based in Madison AL, USA. All approvals required by the authorities have been granted, and the acquisition is hereby formally closed.
The acquisition not only expands KATEK’s presence in North America but also strengthens the company’s industry presence in the fast-growing sectors of Homeland Security & Defense, Medical Technology, Energy, High-End Industrial, and the Aerospace sector, which is new to KATEK. With approximately 160 employees and annual sales of over USD 43 million in 2022, Nextek is a frontrunner in the development of highly complex products for critical applications, particularly in the areas of prototyping and low to medium-volume production, perfectly complementing KATEK Canada (formerly SigmaPoint) as a high volume supplier of complex electronics. Both companies benefit from the strong reshoring trend in North America, which is progressing massively due to the current economic and geopolitical tensions.
In addition to quick-turn prototyping, Nextek offers sophisticated PCBA and complete device manufacturing (box built) as well as analytical engineering, product engineering, and extensive test services for its demanding and well-known customers.
Nextek ensures the highest quality standards not only with the usual ISO 9001, but also certifications and approvals in aerospace (AS 9100D), medical (ISO 13485) and military (ITAR registered), and has unique laboratory capabilities to test materials and ensure the required quality in critical applications. As a result, Nextek is ideally positioned to benefit from growth trends in the industries it serves.
Rainer Koppitz, CEO of KATEK: “The acquisition of Nextek is already our second foothold in North America. It not only puts us in a position to serve our European customers local-to-local directly in the US but also opens up the opportunity for KATEK to benefit from the generally strong growth trend in North America. With the shift back from Asia and the high level of investment in North America, as well as in the context of the US government’s Inflation Reduction Act, we are well-positioned to achieve success. Nextek is an ideal complement to our existing high-value electronics operations in Canada and is already very profitable.
John Roberts, CEO Nextek: “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. 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”.
Both sides expect that the realization of many existing synergies, especially in the areas of sales and supply chain, will further increase the company’s already good profitability. John Roberts, longtime CEO of Nextek with very good industry knowledge, will continue to lead the location with his entire dedicated management team.