euro adhoc: S&T System Integration&Technology Distribution AG
Mergers - Acquisitions - Takeovers
S&T Plans Takeover of a Slovenian IT Provider (E)

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S&T Plans Takeover of a Slovenian IT Provider

- Further move toward higher value added - PC and printer repair business sold

Vienna, 4 July 2003 - Hermes Plus Slovenia, the Slovenian subsidiary of S&T System Integration & Technology Distribution AG, today announced that it has signed a letter of intent to purchase 100 percent of the Atlantis Group. S&T will take over the Slovenian IT provider with 42 highly qualified IT consultants for Microsoft Software solutions as well as a support and a training centre in exchange for S&T's Slovenian PC and printer repair business and an undisclosed amount of cash.

"The transaction is a further strategic move to strengthen our lead on the IT market and boost our competence in the field of Microsoft Software products and services," said S&T-CEO Karl Tantscher. The acquisition will be finalized by the end of summer subject to a successful due diligence.

The deal is in the best interests of both companies, given the opportunities it provides to enhance their core businesses. S&T will take over large accounts in Slovenia in the financial and public sector and will increase its market lead in software solutions and IT services in the region. S&T employs 327 highly qualified professionals in the Adriatic region (Slovenia, Croatia, Macedonia, Bosnia and Herzegovina, Serbia and Montenegro), 213 are based in Slovenia.

About S&T - www.snt.at S&T is a leading provider of IT solutions for customers in 19 countries in Central, Eastern and Southern Europe and Turkey. The company advises, develops and implements customised IT solutions and also offers round the clock service support. S&T has in-depth problem solving and service expertise for mission-critical applications with a specific concentration on the needs of large and medium-sized enterprises, in particular telecommunications companies, banks, power companies, the government and health care sectors.

end of announcement            euro adhoc 04.07.2003

Further inquiry note: Karl Tantscher Chief Executive Officer mailto:karl.tantscher@snt.at Henriette Lininger Investor and Public Relations mailto:henriette.lininger@snt.at S&T System Integration & Technology Distribution AG Gunoldstrasse 16, 1190 Vienna, Austria Phone: +43 1 367 80 88 0 Fax: +43 1 367 80 88 99 mailto:snt@snt.at http://www.snt.at/

Branche: Computing & Information Technology
ISIN:      AT0000905351
WKN:        --
Index:    ATX Prime, NECI, ViDX
Börsen:  Wiener Börse AG / official dealing
              Nasdaq Europe / official dealing

Weitere Meldungen: S&T AG

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