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S&T Leads the Acquisition of Smart Grid Market Leader in Europe

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.

S&T Leads the Acquisition of Smart Grid Market Leader in Europe / Picture: © Vindobona

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…

This article includes a total of 861 words.

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