KATEK, an electronics service provider, completed the acquisition of Nextek, a US-based provider of high-tech and high-value electronics. Financial terms were not disclosed. “The acquisition of Nextek is already our second foothold in North America. It not only puts us in a position to serve our European customers locally-to-locally directly in the US but also opens up the opportunity for KATEK to benefit from the generally strong growth trend in North America. With the shift back from Asia and the high level of investment in North America, as well as in the context of the US government's Inflation Reduction Act, we are well-positioned to achieve success. Nextek is an ideal complement to our existing high-value electronics operations in Canada and is already very profitable," Rainer Koppitz, KATEK CEO.