EANS-News: S&T AG finalizes to focus its smart energy activities on Eastern- and Central Europe

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Mergers - Acquisitions - Takeovers

Linz, February 4, 2016. As announced in December, S&T will focus its
smart grid activities on serving its main markets Central- and
Eastern Europe. To that end, S&T has acquired Networked Energy
Services Corporation's (NES) shares of the Europe-based Networked
Energy Services GmbH (formerly Ubitronix GmbH), which had been
operating as a local European branch for NES. Also, as part of its
strategy to focus on its core markets, S&T AG has sold it's 56% stake
in the Silicon Valley based NES Corporation to Cedrus Enterprises
Holding, an existing shareholder of the company. Collectively, these
transactions will yield S&T AG a positive increase in cash flow.

NES Corporation and the S&T Group will continue to work as partners
to deliver end to end Smart Energy solutions to S&T's core markets,
where NES and S&T have already had customer wins in Poland, Austria,
Slovakia, and Romania. While doing so, the S&T Group will concentrate
on expanding its Software Smart Energy solution portfolio to include
additional software and system integration services to compliment the
NES industry leading solution portfolio. S&T is also expediting its
development activities in this segment and plans to introduce
"microGrid" management solutions later this year. These smart grids
solutions are designed for use in small cities and energy service
providers. S&T is planning on introducing their first solution in
February 2016.

"S&T will increase their investments in smart grid technologies and
continue its effort to establish this segment as an area of
leadership and growth for the company. S&T is developing innovative
software solutions which will offer a broad value proposition to its
customers and will compliment the NES industry leading product
portfolio," explains Hannes Niederhauser, S&T's CEO, referring to the
results expected from the newly optimized structure. "While doing so,
S&T AG will maintain its status of being a provider of a
comprehensive portfolio provider of solutions for the smart energy
sector in Central and Eastern Europe."

Smart grid is a high-growth technology market. Once the alterations
planned have been completed, S&T plans on realizing a 30% rise in
sales from its Smart Energy segment in financial year 2016. In total,
these sales will result to EUR 70 million. The restructuring of costs
is expected to enhance the profitability of the smart energy segment
in 2016, in which the segment is set to earn an EBIT of nearly EUR 2
million.

About 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. About Cedrus: Cedrus
Enterprises Holding (www.cedrus.net) is a privately held holding
company with a highly diversified portfolio. The primary strategic
focus is largely centered on energy-related industry, technology and
business & technical consulting services. Cedrus Enterprises Holding
has adopted a well-defined and dynamic business model that defines
its investment approach and investment selection process. The
cornerstone of this approach lies in investing in key international
strategic acquisitions and in entering into alliances and/or
partnership arrangements with internationally recognized technology
vendors and utilities. The company's long-term investment strategy
includes greater focus on areas related to smart metering and smart
grid solutions but remains thoroughly anchored on risk
diversification. The portfolio of companies currently held are
engaged in a wide range of international projects and assignments
that include alternative energy; contracting and engineering services
(infrastructure, commercial & residential); the design, development
and implementation of IT & software solutions; the provision of
electromechanical products and solutions; facility maintenance
services; advanced defence & security systems implementation
(infrastructure protection and highly specialized
products/solutions); transportation (airport ground-handling and
management); hospitality and food & beverage (hotels, restaurants,
food processing, franchising and catering).

About Networked Energy Services Corporation: Networked Energy
Services Corporation (www.networkedenergy.com) is a global smart
energy leader in the worldwide transformation of the electricity grid
into an energy control network, enabling utilities to connect to
their customers, offer new services and help them compete more
effectively, through solutions which can help reduce operating costs,
provide expanded services and help energy end users to become active
participants in energy conservation. The company was formed as a
result of the spinoff of Echelon Corporation's Grid Modernization
Division in October 2014. NES has its headquarters in the US, with
design and R&D Centers located in Silicon Valley/California,
Fargo/North Dakota, Gdansk Poland, and sales offices throughout the
world. Networked Energy Services' solution, based on Open Smart Grid
Protocol (OSGP), is used in more than 36 million smart end points by
utilities around the world. You can find out more information about
NES and its products, including smart meters, data concentrator
nodes, and head-end software, at http://www.networkedenergy.com.

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