Rakon is pleased to share an important and positive development for the Rakon group of companies

Effective 8 May 2026, Bourns, Inc., a California corporation, acquired more than 95 percent of Rakon Limited shares and share rights through its takeover offer. Bourns is expected to become the sole shareholder of Rakon by early June 2026, and Rakon will be delisted from the New Zealand Stock Exchange.

Rakon will join Bourns as its fifth division, the Bourns Timing Division, and will continue to operate under the Rakon name. This is a strong strategic fit and we believe it will strengthen Rakon by giving the business access to Bourns' global platform, operational depth and long term support.

Importantly, this change does not alter Rakon's products, commitments or obligations to our customers, suppliers and partners. Rakon products will continue to be supplied and supported under the Rakon brand and existing agreements, purchase orders, supply arrangements, service levels, quality requirements, delivery commitments, invoicing processes and payment terms will remain in place unless otherwise agreed in writing. Your usual Rakon contacts will also continue to support you.

Read the full announcement (PDF)