S&T Syst. Integ. & Tech. Distr. AG
S&T AG: S&T Acquires Croatian Network Specialist InfoNET Projekt
Corporate-news transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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S&T Acquires Croatian Network Specialist InfoNET Projekt
S&T strengthens its position on the Croatian IT Market
December 13, 2005. Zagreb – Croatia; Vienna – Austria. S&T System Integration
& Technology Distribution AG has taken over the Croatian company InfoNET
Projekt d.o.o., the largest provider of IT network and security solutions in
Croatia.
The highly specialized IT systems integrator InfoNET Projekt, which has been
operating in Croatia since 1994, has proven expertise in the design,
development, installation and maintenance of complex communications networks
and security solutions. Croatian “Top 100” companies such as Privredna Banka
Zagreb, Croatian Telecom, Hypo Banka Croatia and the Croatian Ministry of
Defence, the Ministry of the Interior, the National Bank and the University of
Zagreb are among its customers.
With the acquisition of InfoNET, which will perfectly complement S&T’s
existing systems integration business, the company is strengthening its
presence in the IT service markets of Croatia and Southern and Eastern Europe.
“This acquisition marked another important step toward our becoming the
leading provider of network and security solutions also in the Croatian IT
market. The takeover of InfoNET gives us ownership of a highly profitable and
healthy company and in 2006 we are expecting additional revenues of EUR 5
million as a result”, said Christian Rosner, CEO designate of S&T AG.
The parties have agreed to maintain confidentiality regarding the purchase
price. The number of S&T employees in Croatia will rise to more than 110.
About S&T – http://www.snt.at – XETRA VIENNA: SNT
With some 1,800 employees S&T is the leading provider of 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 Margit Hermentin
Chief Operating 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 13.12.2005
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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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