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S&T AG to focus smart energy operations on Central and Eastern Europe markets

Johannes Rydzek, Markus Kalab (Leiter Marketing Walser Privatbank) : Doppel-Weltmeister der Nordischen Kombination Johannes Rydzek ist neues Testimonial der Walser Privatbank : Fotocredit: Walser Priv, (© Aussender)   >> Öffnen auf photaq.com




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01.12.2015
Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers
Linz, 1.12.2015. S&T AG and the high-tech group that it heads plan to focus their smart grid operations on their main and longstanding home markets in Central and Eastern Europe. To that end, S&T plans to acquire 100% of the equity in the Europe-based Networked Energy Services GmbH ("NES"), which is a subsidiary of Networked Energy Services Corp. ("NES Corp."). In a reciprocal development, S&T's 56% stake in the California-based NES Corp. would be transferred. Negotiations have been already started.
NES Corp. and the S&T Group would set forth their close working relationships in the areas of technology development and distribution. Whilst doing this, the S&T Group will concentrate on serving its core markets of Eastern Europe and the German-speaking region (Germany, Austria and Switzerland).
"We intend a clearly-formulated focus and a transparent structure for getting advantages in our operative business and our relations with investors," reports Hannes Niederhauser, S&T's CEO, the planned changes. "S&T AG would enhance its status of being a full-selection provider of smart energy technologies to the Central and Eastern European markets. This product selection includes both, smart metering products and dedicated software designed to meet the needs of these regions."
On S&T AG: S&T AG (www.snt.at, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) is a high-tech corporation. It employs some 2,300 employees, and maintains subsidiaries and offices in 19 countries. S&T AG provides IT systems. It is listed on the Frankfurt Stock Exchange's Prime Standard segment. These systems are comprised in the company's comprehensive portfolio of IT solutions and services. These make S&T one of the leading suppliers in Central and Eastern Europe. S&T is a renowned manufacturer of products featuring proprietary technologies. Its wide- ranging portfolio includes innovations in such areas as appliances, cloud security and smart energy.


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 indexes:

stockmarkets: regulated dealing/prime standard: Frankfurt language: English
Digital press kit: http://www.ots.at/pressemappe/EASY_16617/aom
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S&T AG to focus smart energy operations on Central and Eastern Europe markets


01.12.2015
Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers
Linz, 1.12.2015. S&T AG and the high-tech group that it heads plan to focus their smart grid operations on their main and longstanding home markets in Central and Eastern Europe. To that end, S&T plans to acquire 100% of the equity in the Europe-based Networked Energy Services GmbH ("NES"), which is a subsidiary of Networked Energy Services Corp. ("NES Corp."). In a reciprocal development, S&T's 56% stake in the California-based NES Corp. would be transferred. Negotiations have been already started.
NES Corp. and the S&T Group would set forth their close working relationships in the areas of technology development and distribution. Whilst doing this, the S&T Group will concentrate on serving its core markets of Eastern Europe and the German-speaking region (Germany, Austria and Switzerland).
"We intend a clearly-formulated focus and a transparent structure for getting advantages in our operative business and our relations with investors," reports Hannes Niederhauser, S&T's CEO, the planned changes. "S&T AG would enhance its status of being a full-selection provider of smart energy technologies to the Central and Eastern European markets. This product selection includes both, smart metering products and dedicated software designed to meet the needs of these regions."
On S&T AG: S&T AG (www.snt.at, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) is a high-tech corporation. It employs some 2,300 employees, and maintains subsidiaries and offices in 19 countries. S&T AG provides IT systems. It is listed on the Frankfurt Stock Exchange's Prime Standard segment. These systems are comprised in the company's comprehensive portfolio of IT solutions and services. These make S&T one of the leading suppliers in Central and Eastern Europe. S&T is a renowned manufacturer of products featuring proprietary technologies. Its wide- ranging portfolio includes innovations in such areas as appliances, cloud security and smart energy.


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 indexes:

stockmarkets: regulated dealing/prime standard: Frankfurt language: English
Digital press kit: http://www.ots.at/pressemappe/EASY_16617/aom
Random Partner #goboersewien

RBI Elevator Lab
Im Rahmen von ‚Elevator Lab‘ sucht die Raiffeisen Bank International nach österreichischen und internationalen Fintech Startups, insbesondere aus Zentral- und Osteuropa (CEE), die bereits mit ersten Produkten oder Dienstleistungen sowie entsprechender Finanzierung am Markt sind. Das Ziel sind langfristige Kooperationen, die das eigene Produkt- und Leistungsportfolio erweitern.

>> Besuchen Sie 52 weitere Partner auf boerse-social.com/goboersewien


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Useletter

Die Useletter "Morning Xpresso" und "Evening Xtrakt" heben sich deutlich von den gängigen Newslettern ab. Beispiele ansehen bzw. kostenfrei anmelden. Wichtige Börse-Infos garantiert.

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Indizes
ATX 3301 -0.15 % 3299 -0.07% 16:35:15
DAX 12595 0.02 % 12606 0.09% 16:36:15
Dow 22296 -0.24 % 22336 0.18% 16:36:15
Nikkei 20398 0.50 % 20360 -0.18% 16:35:32
Gold 1294 -0.13 % 1302 0.65% 16:36:20



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