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IT

S&T buys Axino following insolvency

Tuesday 6 April 2021 | 16:58 CET | News
Austrian technology group S&T said it has acquired Axino Solutions, a provider of IT system applications, through its German subsidiary for EUR 200,000. Founded in 2016, Axino recorded revenues of EUR 7 million in 2020. Axino started insolvency proceedings in January due to the impact of the pandemic and the rising costs of IoT products.

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Categories: IT
Companies: S&T
Countries: Germany
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