S&T AG: Acquisition of AIS Automation GmbH
S&T AG signed a purchase agreement to acquire AIS Automation GmbH in Dresden, Germany from Meyer Burger (Germany) GmbH.
The agreed purchase price amounts to approximately EUR 13 Mio. and includes the acquisition of all business areas and of approximately 140 employees of AIS. The transaction is subject to antitrust approval in Germany and is expected to be completed at the end of November 2019, a press release reads.
For S&T AG, the acquisition is a further strategic step in the expansion of its IoT Solutions business in the Industry 4.0 area and expands the corresponding software competencies and capacities of the S&T Group. AIS is a software company that has been specialising in the development of innovative and flexible software solutions in the field of automation technology for over 25 years. In 2018, AIS generated revenues of around EUR 12 Mio. and value-accretive profit margins compared to the S&T Group.
Hannes Niederhauser, CEO of S&T AG, says in the press release that: "I am delighted that we were able to conclude such a highly synergistic deal with the AIS acquisition. The portfolio fits perfectly into our current IoT software and services offering for IoT and Industry 4.0. The acquired software products and highly qualified engineers of AIS will significantly strengthen our IoT Solutions business. This results in high synergies and cross-selling potentials for the entire S&T Group."