EANS-News: Takeover authorized: S&T AG greatly expands its Services and Appliances segments - S&T's consolidated sales are to increase to EUR 440 million by 2015

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Mergers - Acquisitions - Takeovers

Linz, 14.08.2014. As announced on June 6, 2014, S&T AG (www.snt.at) has
concluded its purchase of a 48% stake in Affair OOO, Moscow. Subsequent to
receipt of the authorizations by the antitrust authorities responsible for it,
the closing was undertaken today.  S&T holds an option to acquire a further
three percent of the voting rights in Affair. This has caused the latter to be
fully consolidated in the consolidated financial statements of S&T AG. The
acquisition of the shares in Affair was jointly with the local management. This
caused the price of purchasing the stake to come to EUR 5.87 million for S&T.

Affair and its subsidiaries employ some 600 persons, of which 400 are engineers.
The group has been active for more than 20 years in the areas of software
development and industrial and energy automation. Comprised in the acquisition
are smart energy solutions. This, in turn, gives rise to synergies with
ubitronix solution GmbH, which was also recently acquired by S&T AG. 

The acquisition is set to still yield sales in financial year 2014 of more than
EUR 20 million. This increase confirms the accuracy of S&T's plans to achieve at
least EUR 375 million in sales for the year.  The strong business being done by
the Group is leading S&T's management to maintain its forecast of attaining
consolidated earnings of more than EUR 12 million in 2014, notwithstanding costs
of acquisition and integration of EUR 0.8 million in 2014. Affair plans on
contributing - starting in 2015 - at least EUR 3 million a year to S&T's
consolidated EBITDA. The acquisition puts S&T AG on course to reach in the next
financial year sales of more than EUR 440 million.


S&T AG (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) is listed on the Prime Standard
segment of the Frankfurt Stock Exchange. The company has some 2,100 employees,
and offices in 19 countries in Central and Eastern Europe. S&T is one of the
three largest providers of IT systems in Austria and in Eastern Europe. One of
S&T's main assets is the exceptional breadth of its portfolio of products and
services. Many of these feature proprietary technologies. These are for such
areas as cloud security

Further inquiry note:
Valentin Trummer, ir@snt.at, +43 732 7664 - 0

end of announcement                               euro adhoc 

company:     S&T AG
             Industriezeile  35
             A-4021 Linz
phone:       +43 664 6119214
FAX:         +43 1 80191 1290
mail:     ir@snt.at
WWW:      www.snt.at
sector:      Computing & Information Technology
ISIN:        AT0000A0E9W5, DE000A1HJLL6
stockmarkets: regulated dealing/prime standard: Frankfurt 
language:   English

Original-Content von: S&T AG, übermittelt durch news aktuell

Weitere Meldungen: S&T AG

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