S&T to Acquire Iskratel Group
Wednesday, July 01, 2020 | Comments

S&T AG signed contracts to acquire Iskratel Group, a European information, communications and technology (ICT) provider for the telecommunications, transport, public-safety and energy industries. S&T AG is a supplier of IT systems in Central and Eastern Europe, employing some 4,900 people in 32 countries around the world.

Both companies recognize synergies for their future development and success, especially in industrial internet of things (IIOT) software and 5G applications, which complement and strengthen the S&T product range. The rollout of 5G equipment on high-speed trains can 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.

The transaction is scheduled to close in the fourth quarter following official approvals.

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