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S&T AG Subsidiary Kontron acquires industrial mainboard business from Fujitsu Technology Solutions in Augsburg

Nachrichtenquelle: Pressetext (Adhoc)
22.07.2019, 11:00  |  558   |   |   

Business news for the stock market

Linz (pta017/22.07.2019/11:00) - Augsburg, July 22, 2019 - Kontron S&T AG, a subsidiary of S&T AG and the world's leading provider of IoT and Embedded Computing Technology (ECT), signed an asset deal with Fujitsu Technology Solutions GmbH, headquartered in Munich, Germany to acquire the Augsburg-based Fujitsu industrial mainboard business. In October last year, the Fujitsu Group had announced the closure of its Augsburg site by the end of September 2020. The transaction is subject to antitrust approvals. Kontron S&T AG, headquartered in Augsburg, Germany, is a subsidiary of S&T AG (ISIN: AT0000A0E9W5, WKN: A0X9EJ, stock exchange code: SANT).

For Kontron, the acquisition of the embedded motherboard business of Fujitsu Technology Solutions is a strategic step to expand these products with its own IoT software technology. The transfer of the operational business from Fujitsu Technology Solutions to Kontron is planned to start in October 2019. Kontron will also offer employment opportunities to Fujitsu Technology Solutions employees with the relevant skills in the areas research and development, production and sales. Kontron is committed to provide the same level of expertise and skills that the Fujitsu mainboard business customers have known and valued so far.

Carlos Queiroz, COO of S&T AG: "The first-class portfolio of Fujitsu's mainboard business can be ideally expanded with our IoT software and services offering for IoT, Industry 4.0 and Artificial Intelligence. In addition, Kontron knows the needs of the existing customers and is setting a clear example as a future-oriented employer in the Bavarian region with the acquisition."

Rupert Lehner, Head of Fujitsu Central Europe and EMEIA Products: "With Kontron, a renowned embedded computing provider is taking over our motherboard business. We are delighted that this move will allow customers to benefit from a continuation of our high-quality portfolio. For them, the decision means continuity and planning security and it will also help to preserve jobs in Augsburg."

About Kontron - Member of the S&T Group
Kontron is a global leader in IoT/Embedded Computing Technology (ECT). As a part of technology group S&T, Kontron, together with its sister company S&T Technologies, offers a combined portfolio of secure hardware, middleware and services for Internet of Things (IoT) and Industry 4.0 applications. With its standard products and tailor-made solutions based on highly reliable state-of-the-art embedded technologies, Kontron provides secure and innovative applications for a variety of industries. As a result, customers benefit from accelerated time-to-market, reduced total cost of ownership, product longevity and the best fully integrated applications overall. For more information, please visit: www.kontron.com

On S&T AG
S&T AG (www.snt.at) heads a technology group that employs some 4,700 persons and that operates in more than 25 countries around the world. S&T AG is listed on the Frankfurt Stock Exchange (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT). S&T forms part of the Exchange's TecDAX and SDAX indexes of high techs. S&T is a leading supplier in Central and Eastern Europe of IT systems and of the services and solutions comprised in them. S&T took in 2016 a stake in Kontron AG, one of the leaders on the world's market for embedded computers. This transaction has enhanced S&T's portfolio of proprietary technologies used in the fields of appliances, cloud security, software and smart energy. This move has made S&T one of the leading suppliers on the international markets for Industry 4.0 and IoT (Internet of Things) technologies. For more information, please visit: www.snt.at

About Fujitsu
Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 132,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.0 trillion yen (US USD36 billion) for the fiscal year ended March 31, 2019. For more information, please see www.fujitsu.com.

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emitter: S&T AG
address: Industriezeile 35, 4021 Linz
country: Austria
contact person: Alexandra Habekost, Head of Investor Relations
phone: +49 (0) 821 4086 114
e-mail: alexandra.habekost@snt.at
website: www.snt.at

ISIN(s): AT0000A0E9W5 (share)
stock exchanges: regulated market in Frankfurt

[ source: http://www.pressetext.com/news/20190722017 ]

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