Foxconn buys Austrian IT group S&T shares
S&T said it would use the funds from the capital increase to buy a 29.9 percent stake in German computer maker Kontron, adding it had no plans to buy further shares in the group or make a full takeover offer.
S&T said it saw important synergies in a relationship with Foxconn and Kontron, without providing financial details.
"Using S&T's software engineering resources, the three companies have the potential to be a world leader in the fields of Internet of Things and Industry 4.0," it said. ■