2nd December 2010
Thursday, May 17th, 2012
Polish firms buy up foreign competitors
Polish firms aren't sitting on their laurels now that the country's economy is looking like it's booming. Many of the country's firms are instead using new-found investor optimism as a catalyst to make a number of high-profile purchases.
The targets are strategic: foreign competitors. For example, Polish IT firm ABC Data just went shopping in Romania, where it paid €5 million (zł.20 million) for a 51 percent stake in Scop Computers.
Another Polish firm that recently decided on an international acquisition is Trakcja Polska, a firm specializing in rail transport and construction. That firm just bought two competing Lithuanian firms for a total of zł.777.5 million.
From Warsaw Business Journal
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