Newsletter registration

By using our website, you are agreeing to cookies being stored and Google Analytics being used on your device in order to offer the best possible service. You can find more information on thishere.
Austria.
Dynamic Business Location.

Apple supplier Foxconn is the new major shareholder of S&T

logo S&T © S & T

The Foxconn subsidiary Ennoconn Corporation subscribed to the 10% capital increase of the publicly listed technology company, and together with other share purchases increased its stake in S&T to 29.4%.On balance, S&T has raised about EUR 43.9 million.  

Expected synergies

The inflow of funds derived from the capital increase will be directly used by S&T for an investment in the German company Kontron AG based in Augsburg. S&T will acquire 29.9% of the shares in Kontron. The deal is justified on the basis of expected synergy effects. As one of the leading manufacturers, the Foxconn Group boasts efficient development and production capacities in the fields of embedded computer systems and wireless data transmission, and also has a broad customer base as the former market leader in the embedded computer segment. Together with the software engineering resources of S&T, the companies have the potential to play a globally leading role in the fields of Internet of Things and Industry 4.0, according to S&T.

Share on Facebook Share on Facebook Share on Twitter Share on Twitter Share on Linkedin Share on Linkedin

Testimonials

Events

Meet us at events, seminars and trade shows - worldwide.

  • China Global Investment Summit

    21./22.11.2019, Shenzhen, China

  • Austria Showcase Autonomes Fahren Korea

    18. - 22.11.2019, Seoul / South Korea

Austria Map

Find the perfect location for your company

One of Austria's key strengths as a business destination is its highly qualified and motivated skilled workforce for research and development, especially in the scientific sector.

Nestlé Austria

Logo
More testimonials

news from the business location Austria

Central European University launches EMBA for the Open World

With the opening of its Vienna campus, CEU is launching a thoroughly redesigned Executive MBA.

The Automobile Industry in Transition: Designed in Austria, Produced in China

Not a day goes by without reports being published on things happening in the automobile industry - positive as well as negative. The unfavourable stories usually focus on the issues of greenhouse gas emissions and the lack of environmental compatibility. The positive coverage mainly deals with activities and announcements about electric cars. The level of attention should not be surprising. The bottom line is that most of us use our own vehicles on a daily basis, and the global market is huge, consisting of 80 million new automobiles.

More news All blog posts