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Siemens acquires Elas and HT Computers

THE SLOVAK Antitrust Office (PMÚ) has approved the acquisition of 100 percent of the Slovak company Elas and 100 percent of HT Computers held by Austrian company Siemens Business Services (SBS), the SITA news agency wrote.

As of October 1, 2005, HT Computers and Elas will become definitively part of Siemens Business Services s.r.o. The companies will operate on the market under the trade name Siemens Business Services.

Siemens Business Services executive officer Peter Prónay said that after the acquisition the company would be one of three most important complex suppliers and providers of IT services in Slovakia.

"With a consolidated annual turnover of the companies significantly exceeding Sk2 billion (€51 million), Siemens Business Services will be one of leaders of system integrators and simultaneously IT service providers," added Prónay.

Compiled by Beata Balogová from press reports
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