Biggest software firm Asseco Poland hints at take-overs in Africa, Far East.

By bne IntelliNews February 11, 2013
CEE's biggest software company Asseco Poland is interested in take-overs in countries to the east and south of Poland, the firm's president Adam Goral has declared in an interview with daily Parkiet. He pointed to fast-growing markets of Africa and Far East in this context. The president revealed that the Asseco group has already started work on these subjects. Goral also said that talks on an acquisition in Russia are well advanced and "close to finalisation." In August, the firm signed a letter of intent in this respect. The president stressed that Asseco Poland will thus refrain from further acquisitions in Western Europe or the U.S. He explained that Asseco's tactics of "small steps" and purchasing smaller companies only to consolidate them afterwards proves ineffective on these markets, unlike in countries closer to Poland. When Asseco Poland becomes big ans strong on eastern markets, it will return to plans of its listing on Nasdaq and to western acquisitions, Goral concluded.

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335