Austria’s S&T group has acquired Slovenian telecoms equipment company Iskratel Group for €37.5mn, the Austrian company said on June 30.
According to S&T’s press release, there are several synergies between the two companies’ operations, notably that while Iskratel is mainly active in Eastern Europe, it will gain access to Western Europe via S&T’s sourcing and sales network.
Meanwhile, Iskratel has moved into the Industrial Internet of Things (IIoT) software and 5G areas, which for S&T represent “an optimal addition and strengthening of the S&T product portfolio”.
“The acquired 5G know-how and the solutions based on it can be linked, for example, in the smart industry area with established S&T products such as SUSiEtec. In addition, the 5G equipment of high-speed trains can be advanced and the transportation area strengthened, where the S&T Group has already implemented projects together with Iskratel in the past, for example in Slovenia,” S&T said.
“We have been following 5G developments for a long time, see broad applications of this technology and expect an advantage from the strengthening of our product portfolio,” commented Hannes Niederhauser, CEO of S&T AG.
"Due to the synergies we will be able to increase the Iskratel result to over 10% Ebitda in the next two years. With this acquisition, we are positioning ourselves even more strongly in the future for our focus topics of smart factories and train radio for high-speed trains.”
Kranj-headquartered Iskratel Group has more than 70 years of experience in ICT projects. In 2019, it generated sales of €115mn. It has around 900 employees.