S&T Syst. Integ. & Tech. Distr. AG
S&T AG: S&T now Key Player in the SAP Business
Corporate-news transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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S&T now Key Player in the SAP Business
S&T solution portfolio rounded off by takeover of SAP specialist EFP
December 20, 2005. Vienna – Austria – CEE. S&T System Integration & Technology
Distribution AG has taken over the remaining outstanding shares of SAP
specialist EFP and now owns 100% of the Group.
The EFP Group is a leading SAP implementation and process consulting
specialist with a clear focus on the manufacturing and processing industry,
power utilities and the public sector. A total of 350 Enterprise Resource
Planning specialists and consultants based in Austria, Switzerland, Slovakia,
the Czech Republic, Poland, Slovenia, Croatia, Romania, Serbia and at a
competence center for maintenance solutions in Germany now provide high-
quality services to S&T customers. Furthermore, the expansion of ERP / SAP
activities in Bulgaria, Hungary, Ukraine and Russia is planned for 2006.
Having held a 61% interest in EFP since June 2005, the complete takeover of
EFP offers major advantages for S&T and its customers. As well as being able
to offer a full range of ERP / SAP competences across the SEE / CEE region,
the higher margins in this segment are expected to make a positive
contribution to Group-wide profitability when EFP is consolidated for the
first time in Q4 2005. Thanks to the takeover of the Slovak company Varias,
which is part of the EFP Group, S&T will also have an SAP outsourcing center
in Zilina (SK) that can guarantee SAP customers a professional and fail-safe
operation of their systems.
S&T has recently appointed Michael Herrmann-Preschnofsky as the new managing
director of EFP Consulting GmbH in Austria. The experienced manager and his
team will focus on strengthening the SAP solutions and consulting business in
Austria. This will round off S&T’s portfolio in Austria, where the company is
already very well positioned with sophisticated infrastructure solutions and
services thanks to S&T Austria.
“The acquisition of EFP represents another important strategic step towards
the expansion of our solution business. With our SAP competence in 10 S&T
countries, we are one of the most important key players in Central and Eastern
Europe in this segment. Moreover, this region-wide know-how means we are the
only supplier in the region who can carry out cross-border roll-outs for and
with SAP”, explained Christian Rosner, CEO designate of S&T AG.
About S&T – http://www.snt.at – XETRA VIENNA: SNT
With some 1,800 employees S&T is the leading provider for IT solutions and
services for customers in Central and Eastern Europe. The company develops and
implements custom-tailored IT solutions for large and medium-sized
telecommunications companies, banks, power utilities, manufacturing companies
and public institutions. Through our subsidiaries in 21 countries we realize
cross-border IT structures, offering our clients outstanding solutions and
service competence.
For further information please contact:
Christian Rosner
Chief Operating Officer
T: +43 (0)1 367 80 88
Christian.Rosner@snt.at
Margit Hermentin
Head of Investor Relations and
Corporate Communications
T: +43 (0)1 367 80 88-1024
M: +43 (0)664 112 36 36
margit.hermentin@snt.at
S&T SYSTEM INTEGRATION & TECHNOLOGY DISTRIBUTION AG
Geiselbergstrasse 17-19
1110 Vienna
Austria
End of announcement (c)DGAP 20.12.2005
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WKN: 915194; ISIN: AT0000905351; Index: ATX Prime
Listed: Amtlicher Markt in Wien; Open Market in Frankfurt; Freiverkehr in
Berlin-Bremen, München und Stuttgart
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