EANS-News: S&T AG to focus smart energy operations on Central and Eastern Europe markets

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Mergers - Acquisitions - Takeovers

Linz, 1.12.2015. S&T AG and the high-tech group that it heads plan to
focus their smart grid operations on their main and longstanding home
markets in Central and Eastern Europe. To that end, S&T plans to
acquire 100% of the equity in the Europe-based Networked Energy
Services GmbH ("NES"), which is a subsidiary of Networked Energy
Services Corp. ("NES Corp."). In a reciprocal development, S&T's 56%
stake in the California-based NES Corp. would be transferred.
Negotiations have been already started.

NES Corp. and the S&T Group would set forth their close working
relationships in the areas of technology development and
distribution. Whilst doing this, the S&T Group will concentrate on
serving its core markets of Eastern Europe and the German-speaking
region (Germany, Austria and Switzerland).

"We intend a clearly-formulated focus and a transparent structure for
getting advantages in our operative business and our relations with
investors," reports Hannes Niederhauser, S&T's CEO, the planned
changes. "S&T AG would enhance its status of being a full-selection
provider of smart energy technologies to the Central and Eastern
European markets. This product selection includes both, smart
metering products and dedicated software designed to meet the needs
of these regions."

On S&T AG: S&T AG (www.snt.at, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT)
is a high-tech corporation. It employs some 2,300 employees, and
maintains subsidiaries and offices in 19 countries. S&T AG provides
IT systems. It is listed on the Frankfurt Stock Exchange's Prime
Standard segment. These systems are comprised in the company's
comprehensive portfolio of IT solutions and services. These make S&T
one of the leading suppliers in Central and Eastern Europe. S&T is a
renowned manufacturer of products featuring proprietary technologies.
Its wide- ranging portfolio includes innovations in such areas as
appliances, cloud security and smart energy.

Further inquiry note:
ir@snt.at; +431801911125;

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