Austria's Competition Authority has joined Germany's Anti-Trust Authority in authorizing S&T AG's acquisition of a 24.8% stake in Kontron AG, Augsburg
Linz, November 9, 2016. Austria's Competition Authority (Bundeswettbewerbsbehörde) has joined Germany's Anti-Trust Authority (Bundeskartellamt) in authorizing S&T AG's acquisition of a 24.8% stake in Kontron AG, Augsburg, Germany. Austria's anti-trust authorities informed S&T that their ban on the performance of the merger will lapse as of November 10, 2016. The suspensory condition agreed upon with Warburg Pincus and Triton Partners and applying to the acquisition of Kontron shares has thus been fulfilled. As a result, and via its subsidiary in Germany, S&T AG now has a 29.9% stake in Kontron AG.
S&T AG (www.snt.at, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) is the lead company of an international technology group that employs some 2,400 people and maintains operations in 20 countries. S&T is listed on the Prime Standard segment of the Frankfurt Stock Exchange. S&T is a major supplier of IT systems. Its extensive portfolio of IT services and solutions makes S&T one of the leading suppliers in this field in Central and Eastern Europe. S&T's portfolio includes a large number of proprietary developments. These for the Appliances, Cloud Security and Smart Energy sectors.