04.04.2007 |

S&T AG: Closing of IMG takeover concluded

Integration by end of 2007

04 April 2007. S&T has received official approval from the competition commissions of Austria, Germany and Poland to take over any and all parts in IMG Holding. The takeover by the Swiss consulting company by S&T is thus concluded and the closing completed. Now the integration starts – and it needs to be concluded by the end of 2007.
The Information Management Group (IMG) is an internationally active consulting house that has specialised in the generation and implementation of international cross-company business models in processes and systems. The company – founded in 1988 in the environs of the University of St. Gallen, Switzerland – currently has around 650 employees in 27 branch offices in Central and Eastern Europe, as well as in Asia and the US, and in 2006 generated a turnover of 81.6 million Euro. In combination with IMG, S&T has a presence in 23 countries and employs around 3,000 staff. With the integration of IMG, S&T re-aligns its core business sector of “business solutions” and places a renewed emphasis on IT/SAP consulting. “The transfer was very smooth, both management teams are motivated to elevate the shared successes, and now it is time to tackle the integration. This is a great challenge and a great opportunity for both companies. IMG is the largest acquisition in the history of our company – an acquisition with great potential that we and our colleagues in IMG want to exploit to the full,” says Christian Rosner, CEO of S&T AG.

Shared strategy development
IMG’s management will stay on board and collaborate intensively in the development of the shared future strategy. According to Rosner: “There will be no downsizing. On the contrary, we are looking for new employees in the technology sector as well as in the manufacturing industry, financial services and trade.” The IMG brand will continue, as well IMG’s portfolio of services. This will be enhanced significantly by the services and solutions that S&T can offer existing customers. The same goes vice versa for S&T customers, who see the acquisition of IMG as a very positive step.

Re-positioning
In the course of the integration, the combined companies will also strive to re-position themselves in the marketplace while optimally using the strengths of both companies. The core business sectors are being folded together, the go-to-market model fine-tuned and the offers and resources coordinated internationally. “The services, the target customers, the geographical presence and know-how complement each other perfectly for both companies. This is not a matter of correcting overlaps, but to ensure that all these areas tie into each other optimally,” according to Alfred Ermer, CEO of IMG AG.

Profiting the customers
The IMG integration offers added opportunities for the customers of both companies. Aside from the expanded geographical presence, both companies can now offer the spectrum of services of the other company. In addition, the combined company with 1,200 ERP / SAP consultants now belongs among the larger SAP consulting houses in Europe. On the other hand, multinational teams as well as cost and efficiency advantages of the group directly benefit the customer. Rosner: “Like us, IMG has many years of excellent experience in professional and technical know-how in our target industries at its disposal, uses highly modern tools and contributes process expertise. In combination with our strong S&T teams we will attain our ambitious growth targets, especially in the area of IT consulting and services. But of course there are many opportunities for our “managed services” business, as well as for the infrastructure area.”
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