White & Case Advises Kontron on Strategic Partnership with Foxconn Subsidiary Ennoconn
Global law firm White & Case LLP has advised Kontron AG on the launch of a strategic partnership with Ennoconn Corp., a subsidiary of Taiwanese Foxconn Technology Group.
German-listed Kontron is a global leader in embedded computing technology. Ennoconn is a Taiwan-based company engaged in the manufacture and sale of embedded systems and boards. The strategic partnership includes Ennoconn's acquisition of a 49 percent stake in Kontron subsidiary Kontron Canada Inc. at a price of US$ 57.3 million. The transaction is subject to customary regulatory and corporate approvals.
The partnership is a transformational milestone for Kontron, with major implications for its strategic ambition to become a leading provider of hardware/software solutions, as well as its presence in the Asia-Pacific region. By entering into a partnership with Ennoconn, one of the largest hardware manufacturers globally, Kontron has positioned itself to take advantage of a rapidly changing technological world, determined primarily by the brisk development of the Internet of Things (IoT).
The White & Case team which advised on the transaction was led by partner Roger Kiem (Frankfurt) and included partners Bryan Luchs (New York), Farhad Jalinous (Washington) and Axel Schulz (Brussels), local partner Markus Stephanblome (Frankfurt) and associates Jan Ole Eichstädt (Frankfurt), Jason Krause (New York), Keith Schomig (Washington) and Jan Jeram (Brussels).
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