Locked content Asseco Q2 profit drops

WSE-listed IT group Asseco had PLN 113.3 million net profit in H1, down from PLN 142.4 million last year. Revenues amounted to PLN 4.16 billion, up from PLN 3.77 billion last year. Sales increased primarily in foreign markets, with a share of consolidated revenue rising to 83 percent, while revenues...

Locked content Asseco sells another 4%in Israeli unit Formula Systems

WSE-listed IT giant Asseco sold an additional 4 percent stake in its Israeli unit Formula Systems to the unit’s CEO for PLN 73.57 million. After the transaction, Asseco will control 26.33 percent of the company. Payment will be split in half, with 50 percent paid now and remaining amount to be...

Locked content Asseco BS with PLN 146.3 mln backlog for 2017

IT firm Asseco Business Solutions has a backlog for 2017 of PLN 146.3 million, a 10 percent increase y/y, the company’s CFO Mariusz Lizon stated at a press conference. “Last year at this time we had a backlog of PLN 133 million in our portfolio, which means a 10 percent increase y/y this year,” he&#...

Locked content Asseco sells part of its stake in Formula Systems

WSE-listed IT group Asseco sold 16 percent stake in Israeli Formula Systems to a group of local financial institutions for NIS 292.5 million, additionally, the company is in talks to sell further 4 percent stake. After the deal, Asseco has 30.33 percent stake in Formula Systems with no plans to furt...

Locked content Asseco sells 4.28% stake in Asseco SEE to group of managers

WSE-listed IT group Asseco Poland sold 2.22 mln shares in its subsidiary Asseco SEE (4.28 percent stake) for PLN 24.2 million to a group of 22 Asseco SEE managers, Asseco said in a market filing. “The sale price will be secured by the establishment of a pledge on the shares of each buyer. There were...

Locked content Asseco finalizes Macrologic takeover

WSE-listed IT group Asseco acquired 1.67 million shares in Macrologic, representing an 88.3 percent stake, completing a tender. The price was set at PLN 59 apiece. Together with the 8.44 percent stake held by Macrologic, Asseco now controls a 96.73 percent stake in the company. Macrologic specialize...

Locked content Asseco mulls M&A in Slovakia

WSE-listed IT group Asseco is analyzing a potential takeover of a Slovak logistics systems company. “We recently took an interest in Slovak company.This company produces logistics systems and supplies to Volkswagen, among others. It was founded by three professors. They need Asseco because we operat...

Locked content Asseco with UOKiK approval for Macrologic takeover

WSE-listed IT giant Asseco’s subsidiary Asseco Business Solutions was granted the antitrust watchdog approval for the takeover of IT company Macrologic. Asseco launched a tender to buy 100 percent shares in its peer for PLN 59 apiece, which puts Macrologic value at PLN 111 million. Subscriptio...

Locked content Asseco with PLN 6.18 billion for 2017

WSE-listed IT giant Asseco Poland has a PLN 6.18 billion, the company said in a market filing. This is a 10 percent y/y growth. The backlog for proprietary software amounted for PLN 5.35 billion (9 percent y/y growth) of that figure….

Locked content Asseco bids to acquire Macrologic

WSE-listed IT giant Asseco, through its subsidiary Asseco Business Solutions has offered PLN 59 per share for the 100 percent stock of IT firm Macrologic. The offer values the target at PLN 111 million. The offer will go through only if at least 75 percent of Macrologic shares is sold. Subscription ...