18 Oct 2016 | 12:36 pm | 1 min. read
International law firm Pinsent Masons has advised S&T AG on its acquisition of 29.9% in Kontron AG.
S&T AG, together with majority shareholders of Kontron AG, financial investor Warburg Pincus and investment company Triton, agreed on the acquisition of 29.9 % of shares of Kontron AG. The purchase price amounts to approximately €60 million. S&T AG financed its investment with a 10% cash investment. Taiwan Enoccom, a subsidiary of electronics group Hon Hai Presicion, subscribed the new shares. Hon Hai is owner of Apple supplier Foxconn, which manufactures the iPhone.
The Pinsent Masons team advising S&T AG was led by partner Thomas Mayrhofer and legal director Gudrun Moll.
S&T AG is one of the most renowned suppliers of IT solutions with approximately 2,100 employees and is a technology industry leader in Central and Eastern Europe. The listed company offers a large portfolio of innovative proprietary technologies, professional services and IT products.
Kontron AG is a global leader in embedded computing technology and a pioneer in secure IoT platform solutions. It provides a combined portfolio of hardware, middleware and services. With its leading-edge standard products and solution ready platforms, Kontron enables new technologies and applications across multiple industries. As a result, customers benefit from accelerated time-to-market, reduced total cost of ownership, product longevity and the best overall application with the highest reliability in embedded technology. Kontron is a listed company with shares traded in the Prime Standard segment of the Frankfurt Stock Exchange and on other exchanges under the symbol KBC.
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