EANS-News: Takeover authorized: S&T AG greatly expands its Services and Appliances segments - S&T's consolidated sales are to increase to EUR 440 million by 2015

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Mergers - Acquisitions - Takeovers

Linz, 14.08.2014. As announced on June 6, 2014, S&T AG (www.snt.at)
has concluded its purchase of a 48% stake in Affair OOO, Moscow.
Subsequent to receipt of the authorizations by the antitrust
authorities responsible for it, the closing was undertaken today.
S&T holds an option to acquire a further three percent of the voting
rights in Affair. This has caused the latter to be fully consolidated
in the consolidated financial statements of S&T AG. The acquisition
of the shares in Affair was jointly with the local management. This
caused the price of purchasing the stake to come to EUR 5.87 million
for S&T.

Affair and its subsidiaries employ some 600 persons, of which 400 are
engineers. The group has been active for more than 20 years in the
areas of software development and industrial and energy automation.
Comprised in the acquisition are smart energy solutions. This, in
turn, gives rise to synergies with ubitronix solution GmbH, which was
also recently acquired by S&T AG.

The acquisition is set to still yield sales in financial year 2014 of
more than EUR 20 million. This increase confirms the accuracy of
S&T's plans to achieve at least EUR 375 million in sales for the
year. The strong business being done by the Group is leading S&T's
management to maintain its forecast of attaining consolidated
earnings of more than EUR 12 million in 2014, notwithstanding costs
of acquisition and integration of EUR 0.8 million in 2014. Affair
plans on contributing - starting in 2015 - at least EUR 3 million a
year to S&T's consolidated EBITDA. The acquisition puts S&T AG on
course to reach in the next financial year sales of more than EUR 440
million.

On S&T AG

S&T AG (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) is listed on the Prime
Standard segment of the Frankfurt Stock Exchange. The company has
some 2,100 employees, and offices in 19 countries in Central and
Eastern Europe. S&T is one of the three largest providers of IT
systems in Austria and in Eastern Europe. One of S&T's main assets is
the exceptional breadth of its portfolio of products and services.
Many of these feature proprietary technologies. These are for such
areas as cloud security

Further inquiry note:
Valentin Trummer, ir@snt.at, +43 732 7664 - 0

end of announcement euro adhoc
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company: S&T AG
Industriezeile 35
A-4021 Linz
phone: +43 664 6119214
FAX: +43 1 80191 1290
mail: ir@snt.at
WWW: www.snt.at
sector: Computing & Information Technology
ISIN: AT0000A0E9W5, DE000A1HJLL6
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English