S&T AG acquires Isktratel Group for long-term development
European IT systems supplier, S&T AG has signed contracts for the acquisition of the Iskratel Group.
The aim is for Iskratel’s experience in IIOT software and 5G applications to complement and strengthen the S&T product range in the smart industry sector, such as SusieTec.
The roll-out of 5G equipment on high-speed trains can also be advanced while strengthening the transport business. This is an area where the two companies have collaborated on projects in Slovenia. Further synergies will open up in areas such as sourcing, manufacturing and sales, with S&T providing Iskratel with access to the Western European market. In return, S&T can draw on Iskratel’s employees and long-term reputation in the Adriatic region and Eastern Europe.
Željko Puljić, CEO at Iskratel said: ‘The Iskratel Group has made a very clear and ambitious strategic plan which will be much more efficiently realised through numerous synergies within S&T AG. Faster portfolio development and market penetration, especially in areas of IIOT and 5G solutions, safe and smart communities, virtualisation of access and core communication networks will be enabled through a stronger combined innovation and know-how, sourcing and sales network.’
Hannes Niederhauser, CEO S&T AG added: ‘Due to our synergies we will be able to increase Iskratel’s results to over 10 per cent of EBITDA within the next two years. With this acquisition, we are positioning ourselves even more strongly for the future in our focus areas of smart factories and train radio for high-speed trains.’