VINCI Energies acquires major portion of IT services business of Kontron AG (formerly S&T AG)
VINCI Energies has signed an agreement to acquire a major portion of the IT services business of Kontron AG - formerly S&T AG, a leading player in the field of IoT products in Europe.
The agreement covers operations in Germany, Switzerland, Poland as well as eight other countries in central and eastern Europe. Kontron AG specialises in IT systems integration and services for cloud and datacenters, IT networks and cybersecurity, digital workspace as well as dedicated business applications.
This acquisition will enable VINCI Energies, through its Axians brand, to strengthen its position in the European ICT market by integrating €360 million in additional full-year revenue as well as 1,600 people.
The agreement is subject to approval from the relevant competition authorities.
Generating over €2.7 billion in revenue in 2021 across 27 countries, VINCI Energies’ Axians business units operate at the heart of the digital transformation. They deliver customised, innovative, scalable and sustainable solutions to support their customers, covering the entire data life cycle: collection, transmission, storage, processing, analysis, sharing and protection.