Congatec Holding has filed an F-1 form with the U.S. Securities and Exchange Commission (SEC) for its initial public offering. No terms were given in the filing, but the offering is valued up to $60 million. The company intends to list its American depositary shares on the Nasdaq Global Market under the symbol CONG.

The underwriters for the offering are Stifel, Needham, Canaccord Genuity and JMP Securities.

This is a leader in the design, development and delivery of high-performance embedded computing solutions that enable computing capabilities across a variety of system-level applications and end markets, including industrial automation, medical, entertainment, transportation and test and measurement. As a technology pioneer in its industry, it has grown to become the market share leader in Europe for the computer-on-module (COM) segment of the embedded computing market, according to its view of the market and third-party research.

The company’s technical expertise, combined with longstanding customer, processor partner and supplier relationships, positions it as a trusted provider for industry standard and custom embedded computing solutions. Its participation in the design, development and bringing to market of innovative embedded computing solutions has established what Congatec believe is a track record of innovation by integrating complex central processing units, or processors, into flexible, high-performance computer modules that reduce our customers’ system development costs and design risk as well as provide valuable time-to-market advantages.

Congatec’s hardware solutions are overlaid with basic input/output system (BIOS) software that tailors solutions to specific end-market, application and customer requirements, while delivering benefits such as enhanced data throughput and system security, as well as seamless integration within customers’ products.

The company is headquartered in Germany and has established a global presence through a network of design and service centers, allowing it to provide customers with local development, implementation and sales support while maintaining a lean and efficient fabless manufacturing model.

The company intends to use the net proceeds to expand its operations in the United States and Asia, with the remainder to be put toward general corporate purposes in connection with the company’s growth strategy.

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