S&T AG, a leading supplier of IT systems in Central and Eastern Europe has signed an agreement to aquire Iskratel Group, one of the leading European ICT providers for the digital transformation of the telecommunications, transport, public safety and energy industries.
Both companies recognize synergies for their future development and success, especially in IIOT software and 5G applications, which complement and strengthen the S&T product range. The acquired 5G know-how and the solutions based on it can be combined with established S&T products 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 S&T Group has already implemented joint projects with Iskratel 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 excellent long-term reputation in the Adriatic region and Eastern Europe.
In 2019, with 900 employees, the Iskratel Group generated sales of EUR 115 million and a slightly positive result.
Zeljko Puljic, CEO, Iskratel Group
Faster portfolio development and market penetration, especially in areas of IIOT and 5G solutions, safe and smart communities, virtualization of access and core communication networks will be enabled through a stronger combined innovation and know-how, sourcing and sales network.
Hannes Niederhouser, CEO, S&T AG
We have been following 5G developments for a long time, have identified applications ready for this technology, and expect to gain an advantage by strengthening our 5G product portfolio.
