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S&T Leads the Acquisition of Smart Grid Market Leader in Europe
Press Wire ♦
Published: August 22, 2014; 08:31 ♦ (Vindobona)

S&T AG signed today a contract for the acquisition of the smart grids business of the California-based Echelon Corporation. The acquisition is to take place via a company that will soon be founded, and in which S&T AG will have a 40% stake, with the rest of the new company's shares being held by strategic and financial investors. The corresponding contracts have already been concluded.

adhoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europewide distribution. The issuer is solely responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers
22.08.2014
Linz, 22.08.2014. S&T AG (www.snt.at) signed today a contract for the
acquisition of the smart grids business of the…
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