S&T Group
| AG | |
| ISIN | AT0000A0E9W5 |
| Founded | 1993 |
| Headquarters | Vienna, Austria |
| Website | www |
The S&T group of enterprises is an IT consulting, solutions and services provider with its head office in Vienna and 80 branches in 22 countries.
S&T was founded by Thomas Streimelweger and Karl Tantscher in 1993. The company started up in Slovakia, Bulgaria and Ukraine and other branches were established over the next few years in Romania, Moldova and Yugoslavia. In the early years, S&T specialized in the sale of IT hardware and software, as a Full Function Distributor for Hewlett Packard but they turned their focus to IT consulting and services from the year 2000.
S&T’s initial public offering took place on the EASDAQ (now NASDAQ Europe) in 1998. Following on from this, the company grew by setting up branches and through the acquisition of other companies. In 1999, for example, S&T expanded its presence into Slovenia, Croatia, Bosnia-Herzegovina and Macedonia by purchasing Hermes Plus. Not long afterwards, the branch in Slovenia was strengthened by the takeover of e-business company ICOS. S&T also set up a branch in Hungary that same year.
From 1999, S&T became involved with the sale of medical products and is now Philips’ exclusive distribution partner for medical products in Bulgaria, Croatia, the Czech Republic, Moldova, Romania and Slovakia. To break into this sector, the company purchased HP’s medical products business unit. Medical Systems Business, as it was called at the time, was taken over by Agilent Technologies when HP split into two companies in 1999. In 2002, Agilent sold the medical business unit to Philips. The two smallest business units in this sector (Chemical Analysis and Electronic Testing and Measuring Systems) were sold again one year later.
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