# Kontron AG agrees to acquire Hartmann Electronic and W-IE-NE-R Power Electronics for €22.1M

Kontron AG agreed to acquire Hartmann Electronic GmbH and W-IE-NE-R Power Electronics Corp. from Phoenix Mecano AG for €22.1 million. The closing is expected by Q4 2023.

- Type: Acquisition
- Announced: 2023-08-28
- Where: Germany
- Value: $24.0M (22.1M EUR)
- Status: announced
- Products: power electronics, electronic components
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Kontron](https://endata.com/companies/7283.md) (acquirer)
- [Phoenix Mecano AG](https://endata.com/companies/18677.md) (partner)
- [Hartmann Electronic GmbH](https://endata.com/companies/72271.md) (target)
- [W-IE-NE-R Power Electronics Corp.](https://endata.com/companies/72272.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/KONTRON-AG-5451138/news/Kontron-AG-agreed-to-acquire-Hartmann-Electronic-Gmbh-and-W-IE-NE-R-Power-Electronics-Corp-from-Pho-44711288/), 2023-08-27: "The purchase price is €22.1 million subject to adjustment depending on the balance sheet upon closing."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.