AGMs of Kontron and S&T Deutschland Holding AG vote for merger with great majorities
Linz (pts036/20.06.2017/19:30) Held yesterday in Bobingen, the Annual General Meeting of Kontron AG brought a further milestone in the project being undertaken by S&T AG http://www.snt.at of merging Kontron AG into it. At the AGM, about 86 % of the represented capital voted to merge Kontron AG into S&T Deutschland Holding AG.
This merger was also resolved at the Annual General Meeting of S&T Deutschland Holding AG, which was held today. Due to these votes of approval at both companies, the application for entry of the merger is now to be made at the respective courts of registry.
Decisive synergy effects are expected by the S&T Group to result from the merger. Kontron is one of the world's leading producers of embedded computers. This makes the company an excellent fit with S&T AG and its appliance products. Customers are now to be offered innovative products that are comprised of Kontron hardware and S&T software. This teaming up will enable the companies to exploit their potential on the embedded market and in Industry 4.0, which is a key business area. By doing such, the companies will become technology and business leaders on their respective markets.
The objective is now to achieve a rapid integration of Kontron into the S&T Group, not least because of the fact that the merger is also to yield a potential for further savings. These are to amount to some EUR 8 million a year. For the financial year 2018 the Management of S&T has once again reinforced the goal on realizing sales of one billion euros!
On S&T AG
S&T AG is listed on the Frankfurt Stock Exchange (http://www.snt.at , ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) and forms part of the Exchange's TecDAX index of leading high-techs. The company has some 3,700 staff members working for the Group's subsidiaries and operations, which are located in more than 25 countries. S&T is one of the leading suppliers of IT systems, services and solutions in Central and Eastern Europe. In 2016, S&T took a stake in Kontron AG, one of the leaders on the world's market for embedded computers. This transaction enhanced S&T's already large portfolio of proprietary technologies. These are used in the areas of IT appliances, cloud security, software, smart energy, and Industry 4.0 and the Internet of Things (IoT) - a sector in which S&T forms the cutting edge.
| Aussender: | S&T AG |
| Ansprechpartner: | Sandra Grünwald |
| Tel.: | +43 664 60191 1125 |
| E-Mail: | Sandra.Gruenwald@snt-world.com |
| Website: | www.snt.at |
