EQS-Media / 05/21/2024 / 11:07 CET/CEST Vienna, Austria – May 21, 2024 – AUSTRIACARD HOLDINGS AG (ACAG), a leading technology company, today announces the acquisition of 100% of the shares in LSTech, a… UK-based research and data analysis company, with an enterprise value of €1,600,000. With this strategic move, ACAG reinforces its commitment to providing leading-edge solutions to its customers around the world. LSTech specializes in developing innovative applications that enable large public and private organizations to unlock the true potential of their data. Her expertise lies in capturing, processing and analyzing complex information and transforming it into clear, actionable insights that enable intelligent decision making. LSTech’s focus on data analytics solutions in the banking, telecommunications and utilities sectors, combined with expertise in big data and machine learning, makes the company a perfect complement to ACAG’s growth strategy. LSTech’s track record extends beyond traditional commercial endeavors. Her active participation in EU and publicly funded research and innovation programs positions her at the forefront of breakthrough technologies such as generative AI, privacy-preserving data analysis and large language models. This forward-looking approach fits perfectly with ACAG’s vision for the future. “This acquisition underlines our tireless commitment to expanding our technology-based solutions,” said Manolis Kontos, Group CEO of AUSTRIACARD HOLDINGS AG. “LSTech’s team of highly skilled engineers and data scientists will be instrumental in taking ACAG’s solutions to the next level. Together we will enable our customers to tackle complex big data and machine learning projects , using state-of-the-art mathematical modeling and enterprise-level solutions.” About LSTech LSTech is a UK-based research and data analytics company with a proven track record in the UK and Spain. Her expertise lies in unlocking the power of complex data through innovative applications and enabling organizations to make data-driven decisions. About AUSTRIACARD HOLDINGS AG AUSTRIACARD HOLDINGS AG leverages over 130 years of experience in information management, printing and communications to provide its customers with secure and transparent experiences. The company offers a comprehensive range of products and services, including payment solutions, identification solutions, smart cards, card personalization, digitization solutions and secure data management. ACAG employs 2,700 people worldwide and is traded on both the Athens and Vienna Stock Exchanges under the symbol ACAG. Contact person: Mr. Dimitrios Tzelepis, Managing Director, Capital Markets, M&A and IR Tel.: +43 1 61065 – 357 Email: d.tzelepis@austriacard.com Website: www.austriacard.com Symbol: ACAG ISIN: AT0000A325L0 Exchanges: Vienna Prime Market, Athens Main Market End of press release ══════════════════════ ════════════════════════════════════════ ══════════ ══ Issuer/Publisher: AUSTRIACARD HOLDINGS AG Keyword(s): Information Technology May 21, 2024 CET/CEST Publication of a press release, transmitted by EQS Group AG. www.eqs.com
════════════════════════════════════════ ══════════ ════════════════════════ Language: German Company: AUSTRIACARD HOLDINGS AG Lamezanstraße 4-8 1230 Vienna Austria Email: ac.contact@austriacard.com
Internet: https://www.austriacard.com/
ISIN: AT0000A325L0 WKN: A3D5BK Stock exchanges: Vienna Stock Exchange (official trading) EQS News ID: 1907731 End of announcement EQS-Media 1907731 May 21, 2024 CET/CEST