Ennoconn invests EUR152 million in S&T for IPC …

Foxconn Group’s industrial PC (IPC) affiliate Ennoconn has announced its will invest EUR152 million (US$168.89 million) via subsidiaries to acquire a 29.4% stake in Germany-based S&T AG to become the largest shareholder of the company. At the same time, S&T AG is also investing in Germany-based IPC maker Kontron, looking to integrate their technologies to develop industrial automation, network security, cloud computing communications, Big Data and handheld terminal applications.

S&T AG is a provider of software/hardware-integrated solutions and earned revenues for EUR470 million in 2015. The company’s product lines cover applications including medical, communications, Big Data, automation, smart grid and energy enhancement.

Kontron mainly focuses on developing embedded computing technologies and has solutions covering several different industries. Kontron booked revenues of EUR467 million in 2015.

The investments are expected to help tighten the three players’ relationship and help expand their presence in the IPC industry.

Categories: IT + CE Server, IPC, cloud computing

Tags: cloud computing Foxconn Electronics IPC

Companies: Unitech Electronic

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