Rakon returns to profit as Bourns takeover advances toward 90% threshold

Rakon ( (NZ:RAK) ) has issued an announcement.

Rakon has confirmed that U.S.-based Bourns, Inc. is proceeding with its full takeover offer for all Rakon equity securities at $1.55 per security, with the bid still subject to French regulatory approval and a 90% minimum acceptance condition. As of 23 April 2026, Bourns has secured acceptances for 85.03% of Rakon shares, leaving the outcome dependent on remaining shareholder tenders ahead of the scheduled 7 May 2026 close.

Alongside the takeover process, Rakon reported a strong unaudited FY26 performance, returning to profitability after two consecutive loss-making years, with revenue up 24% to NZ$128.8m, gross margin up 39% to NZ$62.2m, and underlying EBITDA more than doubling to NZ$20.3m. Net profit after tax reached NZ$3.1m despite one-off takeover-related costs, while the balance sheet shows modest cash and elevated working capital, underscoring ongoing liquidity constraints even as trading momentum improves.

More about Rakon

Rakon Limited is a New Zealand-based technology company listed on the NZX that designs and manufactures frequency control and timing solutions used in telecommunications, global positioning systems, and other high-precision applications. The company operates globally, with a focus on supplying critical components to infrastructure and industrial customers, and remains capital-constrained with management emphasising cash conversion and working capital discipline.

Average Trading Volume: 112,020

Current Market Cap: N$349.3M

Learn more about RAK stock on TipRanks’ Stock Analysis page.