20.10.2014 | Austria

S&T Romania acquires Quality Business Solutions’ IT business

S&T Romania, the Romanian subsidiary of the Austrian IT solutions provider, has notified the Competition Council its intention to acquire the IT business of the Romanian company, Quality Business Solutions SRL (“QBS”) through a Business Transfer Agreement.

Should this Agreement be approved by the Competition Council, QBS will transfer its IT solution and software application business to S&T and become a minority shareholder for S&T Romania. As a result of this partnership Mr. Octav Nicolau will join S&T Romania’s management as Executive President of the Board of Directors, while Mr. Mircea Neagu, presently Managing Director of S&T Romania, will continue in this position. S&T believes that the synergies with QBS will lead to an increased market share, as well as to an improvement of the quality of services provided to the customers.