euro adhoc: S&T System Integration&Technology Distribution AG
Mergers -
Acquisitions - Takeovers
S&T Purchases IT Activities of T-Systems Turkey
S&T takes over the IT and SAP activities
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
11.09.2006
11 September 2006. Austria - Turkey. Following the takeover of Unitis in Hungary last week, S&T System Integration & Technology Distribution AG has announced that it is to purchase the IT and SAP activities of T-Systems Turkey, further expanding its region-wide SAP presence.
The main purpose of the acquisition for S&T is that it will enable the company to upgrade its Managed Services and Business Solutions activities and expand its SAP business in Turkey. S&T intends to use the takeover to further strengthen its presence in this growing IT market.
T-Systems Turkey is one of the leading ICT providers in the country and has a customer base which includes both renowned Turkish and international companies from the automobile and manufacturing industries. The takeover will bring the number of S&T employees in Turkey to over 70.
"This takeover means that we can now offer our customers in Turkey the full range of S&T services, although the main focus will continue to be on telecoms and the manufacturing industry. The IT and SAP activities of T-Systems Turkey are a fantastic addition to our existing infrastructure activities," said Christian Rosner, CEO of S&T AG.
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 11.09.2006 08:16:33
Further inquiry note:
Christian Rosner Irene Preißler
Chief Executive Officer 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
S&T SYSTEM INTEGRATION & TECHNOLOGY DISTRIBUTION AG
Geiselbergstrasse 17-19
1110 Vienna
Austria
Branche: Computing & Information Technology
ISIN: AT0000905351
WKN:
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market