Ennoconn Corporation (TSEC:6414) agreed to acquire 49% stake in Kontron Canada Inc. from Kontron AG (XTRA:KBC) for $57.3 million on January 22, 2016. Kontron AG keeps the remaining stake of 51% in Kontron Canada. The transaction will be subject to regulatory and company approvals, which are expected to be obtained during early 2016.

Roger Kiem, Bryan Luchs, Farhad Jalinous, Axel Schulz, Markus Stephanblome, Jan Ole Eichstädt, Jason Krause, Keith Schomig and Jan Jeram of White & Case LLP acted as legal advisors for Kontron AG.