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.
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, Germany and China 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, German and Chinese markets with an expected revenue of EUR 25 million and a net income of EUR 2 million for 2024.
