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S&T AG to focus smart energy operations on Central and Eastern Europe markets

Published: December 1, 2015; 23:03 · (Vindobona)

S&T AG and the high-tech group that it heads plan to focus their smart grid operations on their main and longstanding home markets in Central and Eastern Europe. To that end, S&T plans to acquire 100% of the equity in the Europe-based Networked Energy Services GmbH ("NES"), which is a subsidiary of Networked Energy Services Corp. ("NES Corp."). In a reciprocal development, S&T's 56% stake in the California-based NES Corp. would be transferred. Negotiations have been already started.

S&T AG to focus smart energy operations on Central and Eastern Europe markets / Picture: © Vindobona

 

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Mergers - Acquisitions - Takeovers

Linz, 1.12.2015. S&T AG and the…

This article includes a total of 510 words.

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