With the acquisition of STEMO, one of the largest Bulgarian ICT companies, A1 Telekom Austria Group has continued to pursue its strategy, by expanding its scope through targeted, value-enhancing acquisitions.
STEMO is a market leader in information and communication technologies on the Bulgarian market and with its expertise and track record will support A1 Telekom Austria Group successfully by shaping another pillar of the Group´s strategy - the digital transformation as a key criterion in the future success of A1 Telekom Austria Group and thus a crucial strategic issue. With this acquisition, A1 Bulgaria will become the ICT market leader in the country and with its 30-year experience, well-developed network, and expert team, STEMO will work in cooperation with A1 Bulgaria to further improve and expand its integrated IT business solutions for corporate clients. The collaboration in the field of system integration, IT infrastructure, connectivity, cyber security and video surveillance will lead to substantial synergies and growth opportunities, which will result in additional benefits for the users of ICT solutions.
А1 Bulgaria, one of seven subsidiaries of A1 Telekom Austria Group, is a leading provider of business ICT and NB-IoT solutions on the Bulgarian market, offering the full scope of services - from software to hardware and system integration. The company has its own SAP Competence Center and two Data Centers. Among its partners are leading high-tech companies like Cisco, Dell, IBM, f5, Acronis.
STEMO has developed a complete portfolio of ICT services, including system integration, cloud and managed services, software development and customer support. The company is a local partner of many international technology companies like HP, Microsoft and SAP, and has implemented a number of projects in the field of system integration and IT solutions in the private and public sector.
Following the acquisition, STEMO will continue its autonomous operations benefiting from the international know-how, financial resources, technical infrastructure, sales force, and customer base of its new owner A1 Bulgaria.
Alexander Dimitrov, Chairman of the Management Board and CEO of A1 Bulgaria
The acquisition of STEMO will contribute for the expansion of our share on the ICT business solutions market. Ultimately, the addition of STEMO to A1’s family will help our common goal – to solve the challenges which our corporate clients face with the help of the new technologies in the most quick and efficient manner possible.
Georgi Tihov, Co-founder and CEO of STEMO
STEMO has a 31-year history on the market, and we have always been amongst the leading IT companies in the country. We are proud with the skills and the professionalism of our employees, with whom we are working for so many years. The deal with A1 Group will allow us to better utilize our capabilities and to offer IT solutions to more international clients.
