euro adhoc: S&T System Integration&Technology Distribution AG
Mergers -
Acquisitions - Takeovers
S&T Takes Over Unitis in Hungary
S&T is now also a leading player on the Hungarian SAP market
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
01.09.2006
Vienna, September 2006. Austria - Hungary. S&T System Integration & Technology Distribution AG has purchased the SAP specialist Unitis, further expanding its presence on the Hungarian IT services market.
This acquisition will enable S&T to massively expand its SAP business in Hungary. At the same, S&T will be able to reinforce its position as a systems integrator in the Hungarian IT service sector.
Unitis has many years of industry-specific and technological expertise with a customer base which includes renowned Hungarian and international companies. With more than 110 new Unitis employees S&T will in future employ more than 700 people in its software solutions business. The takeover has brought the number of S&T employees in Hungary to almost 160.
"This takeover has expanded our nationwide SAP presence in one of the core countries of this region, making us one of the key players in the Hungarian IT services sector. We are also pleased that we have been able to strengthen our local management team with László Varga and Zsolt Nagy. Istvan Simon, our present MD of S&T Hungary, will continue to manage our infrastructure business. The goal now is to aggressively expand our strong business in Hungary and to use potential synergies," says Christian Rosner, CEO of S&T AG.
"Co-operation with S&T and the hard work and commitment of our highly qualified workforce are the guarantee for our future joint success and the satisfaction of our customers," says László Varga, CEO of Unitis and future managing director of S&T Hungary.
The parties have agreed to keep details of the transaction confidential.
About S&T - www.snt.at - XETRA VIENNA: SNT With some 2,100 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 19 countries we realise cross-border IT structures, offering our clients outstanding solutions and service competence.
end of announcement euro adhoc 01.09.2006 11:48:36
Further inquiry note:
Christian Rosner Irene Preißler
Chief Executive Officer Assistant Corporate Communications
T: +43 (0)1 367 80 88 T: +43 (0)1 367 80 88-1029
Christian.Rosner@snt.at Irene.Preissler@snt.at
Branche: Computing & Information Technology
ISIN: AT0000905351
WKN:
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market