19.08.2015 | Austria
S&T AG concludes EUR 22 million deal in Poland
Company's business in Eastern Europe is developing rapidly - S&T secures largest order in its historyS&T AG (www.snt.at) has secured a large-sized order from a client based in Eastern Europe. S&T was awarded today by Poland's government a EUR 22.5 million project. It is in the IT services segment. The commission entails the provision of services in the areas of operation, migration, support and training, plus the supplying and implementation of software adapted to project specifications and of network infrastructure. S&T's subsidiary in Poland has the largest sales and rate of growth of any of the company's outlets in Eastern Europe. The project is to be concluded within 18 months.
“The S&T Group has overcome a phase of low growth – caused by the region's economy – and is now massively ramping up its business in Eastern Europe. Viewed on a y-on-y basis, our business in Poland is set to grow by more than 50% in 2015. Such large contracts open a lot of doors – and give rise to follow-up orders,” states Hannes Niederhauser, Chairman of S&T's Managing Board.
On S&T AG:
S&T AG (www.snt.at, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) is a high-tech corporation. It employs some 2,300 employees, and maintains subsidiaries and offices in 19 countries. S&T AG provides IT systems. It is listed on the Frankfurt Stock Exchange's Prime Standard segment. These systems are comprised in the company's comprehensive portfolio of IT solutions and services. These make S&T one of the leading suppliers in Central and Eastern Europe. S&T is a renowned manufacturer of products featuring proprietary technologies. Its wide-ranging portfolio includes proprietary developments in such areas as appliances, cloud security and smart energy.