Locked content Remango submits Exact Systems takeover motion

Remango Investments submitted an application to the antitrust watchdog UOKiK regarding the takeover of control over Exact Systems. The application was filed on August 16, the case is pending. Back in May, Work Service signed the framework conditions for the sale of all its 69 percent stake in the Ex...

Locked content Work Service extends Exact Systems sale deadline

WSE-listed HR firm Work Service has, yet again, extended the exclusivity period for selling its shares in Exact Systems until July 31. Back in April, the company signed a framework deal with Exact Systems managers to sell the stake for PLN 162.64 million and expected to sign a preliminary binding ag...

Exact Systems predicts sales of over 500,000 new cars in 2018

Over 273,000 new passenger cars were sold in Polish salons in the first half of this year, 10.5 percent more than a year ago, according to the European Association of ACEA Vehicle Manufacturers. Exact Systems predicts sales of over 500,000 new cars in 2018 but emphasized the low share of individual ...

Locked content Exact Systems suspends works on IPO

Business services firm Exact Systems suspended its works on IPO, the company said in a market filing. It is now looking for other options to raise capital. “The management of the company is currently in talks with potential investors,” the filing said, adding that IPO in the future is still possible...

Locked content Exact Systems mulls IPO

Business services firm Exact Systems plans a Q2 IPO on the Warsaw Stock Exchange, company’s deputy CEO Lesław Walaszczyk confirmed in a market filing. “The planned capital raise will help the intensive development on the currently covered markets and broadening geographical coverage by acquisitions ...

Locked content Exact Systems prepares IPO

Exact Systems, part of the Work Service group, has submitted a prospectus to the Polish Financial Supervision Authority (KNF). It plans to make a public offer and debut on the WSE. Exact Systems is one of the largest firms in the quality control sector for automotive parts produced in Europe and the...

Locked content Polish car part servicer to enter China

Polish car part quality control firm Exact Systems is opening a venture in China, TVN24 reports. It aims to hire 100 people this year, who will monitor the products of a few car manufacturers as well as individual part suppliers. The company noted in a press release on Wednesday that China is the 12...