Kontron America, a renowned technology firm, has recently announced its plan to acquire Bsquare, a software technology developer. The deal, which is valued at approximately $38 million, is set to strengthen Kontron's position in the industry.

An All-Cash Deal

As part of the merger agreement, a subsidiary of Kontron will initiate a tender offer to acquire all outstanding shares of Bsquare's common stock. The offer price has been set at $1.90 per share and will be paid in cash. This represents a significant 62% premium over the trailing 52-week volume weighted average of Bsquare's closing price as of Tuesday.

Approval and Future Prospects

The boards of directors of both Kontron and Bsquare have given their approval for the merger. With this green light, the deal is expected to be finalized later this year. CEO Hannes Niederhauser expressed optimism about the acquisition, stating, "We anticipate strong synergies through cross-selling opportunities with our San Diego-based subsidiary."

Privatization of Bsquare

Upon completion of the acquisition, Bsquare will become a privately held company. Its shares will no longer be listed on any public market.

This exciting development marks a strategic move for Kontron America in expanding its portfolio and market presence.

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