22.07.2019 | Austria

S&T AG: Subsidiary Kontron Acquires Industrial Motherboard Business From Fujitsu Technology Solutions in Augsburg

Kontron S & T AG, a subsidiary of S & T AG and the world's leading provider of IoT and embedded computing technology (ECT), is acquiring an asset deal with Fujitsu Technology Solutions GmbH, headquartered in Munich, Germany, Augsburg-based industrial motherboard business from Fujitsu. The Fujitsu Group announced the closure of the Augsburg site by the end of September 2020 in October last year. The transaction is subject to antitrust approvals. Kontron S & T AG, headquartered in Augsburg, Germany, is a subsidiary of S & T AG (ISIN: AT0000A0E9W5, WKN: A0X9EJ, stock exchange symbol: SANT).

For Kontron, the acquisition of the embedded motherboard business from Fujitsu Technology Solutions is a strategic step to complement the products with proprietary IoT software technology. The transfer of Fujitsu Technology Solutions' operational business to Kontron is scheduled for October 2019. Kontron will also offer employment opportunities to eligible Fujitsu Technology Solutions employees with relevant research, development, production and sales qualifications. Kontron will continue the existing Fujitsu motherboard business with a high level of expertise and skills that customers have come to appreciate and value.

Carlos Queiroz, COO of S & T AG: "Fujitsu's world-class motherboard portfolio is ideally complemented by our IoT software and services for IoT, Industry 4.0 and Artificial Intelligence. In addition, Kontron knows the requirements of existing customers and sets a clear signal as a future-oriented employer in Bavaria. "

Rupert Lehner, Head of Fujitsu Central Europe and EMEIA Products: "With Kontron, a recognized embedded computing vendor is taking over our motherboard business. We are delighted that our customers will benefit from this continuation of our high-quality portfolio. For them the decision means continuity and planning security and it will also help to keep jobs in Augsburg. "

About Kontron - Member of the S & T Group
Kontron is a world leader in IoT / Embedded Computer Technology (ECT). As part of the S & T technology group, Kontron is partnering with its sister company S & T Technologies to provide secure Internet of Things (IoT) and Industry 4.0 solutions through a combined portfolio of hardware, middleware and services. With its standard products and custom solutions based on the latest, highly reliable embedded technologies, Kontron enables secure and innovative applications for various industries. As a result, customers benefit from faster time to market, lower total cost of ownership, product longevity, and holistically-optimized applications.

About Fujitsu
Fujitsu is Japan's leading provider of information and telecommunications (ITK) business solutions, offering a broad range of technology products, solutions and services. With around 132,000 employees, the company serves customers in more than 100 countries. Fujitsu uses its ITC expertise to shape the future of the company together with its customers. For financial year 2018 (ended March 31, 2019), Fujitsu Limited (TSE: 6702), headquartered in Tokyo, Japan, reported consolidated sales of $ 4 trillion ($ 36 billion).