S&T Syst. Integ. & Tech. Distr. AG
S&T AG: S&T Sells Greek Subsidiary
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The issuer is solely responsible for the content of this announcement.
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S&T Sells Greek Subsidiary
Stronger Focus on CEE and Growth Segments
January 3, 2006. Vienna – Austria; Athens – Greece. S&T System Integration &
Technology Distribution AG sells its subsidiary in Greece, S&T Hellas, to the
renowned Greek IT company Singular S.A.
S&T Hellas was acquired by S&T in 2003 as part of Fujitsu Services within the
scope of a multi-national deal. The company, which has 45 employees, was
mainly active in the hardware business. The sale was carried out as part of
S&T’s geographic focus on the faster-growing IT markets in Central and Eastern
Europe, the service segment and the clear solutions focus on five sectors of
industry (telecoms, power utilities, manufacturing industries, financial
services and the public sector).
The long-term strategy is to become one of the top 5 IT companies in all
markets where S&T operates, thus expanding the Group’s leading position in
CEE. As Christian Rosner, CEO of S&T AG, explained: “This step is part of our
overall strategy to strengthen our focus on the fast-growing core markets of
Central and Eastern Europe in which we play a leading role and also plan to
generate the corresponding revenues. In future, S&T and Singular will work
together as partners on the Greek IT market for multi-national projects.”
It was agreed that details of the transaction, which will take effect at the
beginning of 2006, will be kept confidential.
About S&T – http://www.snt.at – XETRA VIENNA: SNT
With some 1,750 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 20 countries we realize
cross-border IT structures, offering our clients outstanding solutions and
service competence.
For further information please contact:
Christian Rosner Margit Hermentin
Chief Executive Officer Head of Investor Relations and
T: +43 (0)1 367 80 88 Corporate Communications
Christian.Rosner@snt.at 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 03.01.2006
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WKN: 915194; ISIN: AT0000905351; Index: ATX Prime
Listed: Amtlicher Markt in Wien; Open Market in Frankfurt; Freiverkehr in
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