Kontron Acquires Bsquare Corporation

October 11, 2023

Kontron America, Inc., a unit of Kontron AG, agreed to acquire Bsquare Corporation in an all-cash tender offer at $1.90 per share, implying an equity value of approximately $38 million. The acquisition aims to strengthen Kontron’s software development, marketing and integration capabilities in North America and to combine Bsquare’s IoT software (SquareOne) with Kontron’s hardware and susietec software family.

Buyers
Kontron America, Incorporated (Kontron AG)
Targets
Bsquare Corporation
Sellers
Certain Bsquare shareholders (including directors and executive officers who agreed to tender ~17% of outstanding shares)
Industry
Software
Location
Washington, United States
Transaction Type
Buyout

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