Hannes Niederhauser, CEO of Kontron AG, summarizes: "I am very pleased that we were able to win a clear majority of our shareholders for our merger project. This shows that we have been able to convince our shareholders of the advantages of the merger. This step is also good news for our customers, as we will be able to offer them integrated solutions in the areas of embedded, IoT and Industry 4.0 together with the S&T Group in the future."

The merger of Kontron AG with the wholly owned subsidiary of S&T AG, S&T Deutschland Holding AG, in which the Group's embedded know-how will be bundled, is intended to further expand the position of the future group of companies for embedded modules, boards and systems as well as the Internet of Things. The software expertise of the S&T Group also gives Kontron the opportunity to expand its product portfolio with software solutions and software services and to strengthen its technology leadership.

The "Kontron" brand will be retained

"With this joint positive outlook, we no longer need to be cautious," says CEO Hannes Niederhauser. "Together, Kontron and S&T can and want to become the technology and market leader. The aim is to break the 1 billion euro mark in sales as early as 2018 and thus move into the fast lane."

Together, the two companies want to develop their potential under the Kontron brand - both in the embedded market and in the key Industry 4.0 market. The aim is to achieve revenue of between EUR 860 and 890 million and EBITDA of EUR 50 million for the 2017 financial year.

63.99% of Kontron AG's share capital was represented at the Annual General Meeting at the time of the vote. The Annual General Meeting approved all of the management's proposals by a large majority.

The merger was also approved the following day at the Annual General Meeting of S&T Deutschland Holding AG. Based on the positive resolutions of both companies, the merger will now be registered with the respective registry courts.