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Linz (pta025/02.06.2021/16:00) - Linz, June 2, 2021: The technology group S&T AG ( today signed an agreement with Bechtle AG, one of Europe's leading IT companies, to cooperate in the field of multi-vendor services.

As part of the cooperation, S&T Group will acquire from Bechtle via its German subsidiary, CITYCOMP Services GmbH, 100% of PSB IT-Service GmbH, based in Ober-Mörlen, Hesse. As a result, around 70 experienced IT service technicians will be moving to S&T Group, strengthening CITYCOMP's team of around 330 employees. In course of the cooperation, S&T Group will become the strategic partner for multi-vendor services of Bechtle Managed Services AG. The transaction is to be implemented on July 1, 2021. In the medium term, it is also planned to expand the cooperation to include customer projects in Eastern Europe, where the S&T Group has a strong service network with its own technicians

Oliver Schmidt, Head of Division Managed Services, Bechtle AG: "The cooperation with S&T in the area of Field Services gives us an excellent option to access an internationally represented network of specialists. This meets the expectations of many customers, complements our managed service offerings and at the same time offers PSB IT-Service employees the chance to be part of a much larger, successful field services community."

Hannes Niederhauser, CEO of S&T AG: "With the contracts concluded today, we are setting another milestone in the expansion of our IT services business in Germany. Through PSB IT-Services GmbH, we are strengthening our team in Germany and, as one of the leading multi-vendor services providers, we can offer the Bechtle system houses and their customers a comprehensive portfolio with excellent service quality. As part of our cooperation, we plan to grow significantly together in this area over the next few years."

About S&T Group
S&T AG (, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) is a leading technology group with more than 6,000 employees and subsidiaries in 33 countries around the world. The company is listed on the TecDAX® and SDAX® of the German Stock Exchange and is one of the leading providers of IoT (Internet of Things) technologies. In these sectors, S&T focuses on the development of secure and networked solutions with a combined portfolio of hardware, software, and services. With its own technologies in the fields of smart factory, railway communication systems, medical technology, communication solutions, and smart energy, as well as a broad portfolio of IT services, S&T can help customers undertake their digital transformation journeys in a wide range of industries.

emitter: S&T AG
Industriezeile 35
4021 Linz
contact person: Nicole Nagy
phone: +43 (1) 801911196
stock exchanges: regulated market in Frankfurt
ISIN(s): AT0000A0E9W5 (share)
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