Press Archive

Kathrein has finalised the sale of its antenna and filter business to Swedish information and communication technology provider Ericsson. The Group’s remaining business units were spun off into independent companies: KATHREIN Solutions GmbH, KATHREIN Sachsen GmbH, KATHREIN Digital Systems GmbH and KATHREIN Broadcast GmbH.

Kathrein intends to sell its antenna and filter business to Ericsson, a leading mobile communications infrastructure provider. Kathrein Products division, with approximately 4,000 employees in research and development, production, and sales at more than 20 locations worldwide, is expected to become part of Ericsson’s Business Area Networks in the third quarter of 2019 following approvals from relevant regulatory authorities.

In the course of its restructuring process, Kathrein plans to streamline the Products business unit and adapt further central functions to future requirements. In this context, around 250 jobs are to be cut in Rosenheim by the end of next year. Together with the works council and IG Metall union, the company is currently working on socially acceptable solutions for affected employees, which are to be presented at the beginning of 2019.

The Kathrein Group adopts a package of measures for its Solutions business unit – in future, this unit will focus on IoT, the Internet of Things. Business activities in Infotainment & Connectivity Solutions will be discontinued as of 31 March 2019. In addition, the Group develops measures for its Products business unit.

Kathrein has generated more sales than planned in the first six months of this year and is clearly on a growth course. By the end of June, the company had revenues of around €394 million, exceeding its calculated sales target of just under €372 million for this period. Kathrein is also in line or ahead of plan with the important milestones of its restructuring programme.