Press Releases From the Kathrein Group

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.

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Kathrein makes rapid progress in its strategic reorientation: The company has sold its Automotive division to technology firm Continental. The purchase agreement was signed today. The parties have agreed not to disclose the purchase price. Hildesheim-based Kathrein Automotive GmbH is a specialist in transmission and reception systems in vehicles. After antitrust review, the company with its entire staff is planned to be incorporated into Continental in the first quarter of 2019. Kathrein Automotive has more than 1,000 employees at eight locations in Brazil, China, Germany, Mexico, Portugal and the USA.

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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.

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Kathrein is driving forward the expansion of mobile communication networks in Bavaria together with their partner Deutsche Telekom. Bavaria’s head of state Markus Söder (CSU) came to Inning/Ammersee to hear about the telecommunications company’s plans. At the event, Kathrein presented an ultra-compact antenna system, which Telekom plans to deploy at numerous mobile communication sites.

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Kathrein has repeated its 2017 success and is one of the winners of the prestigious 2018 German Brand Award. A high-level jury of noted experts from business and science honoured the company for its forward-looking Network Vision 2022. More than 1,250 nominations were evaluated in three competition classes. Last year, Kathrein also received two German Brand Awards.

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