Computerland looks to Emax to bolster market share

Computerland is currently holding negotiations concerning a possible merger with Emax, a data communications systems integrator. The Warsaw-based computer company is also considering a capital investment into Emax, which had its debut on the Warsaw Stock Exchange (WSE) yesterday, in an attempt to maintain its market position, put at risk due to its main competitor, Prokom, which recently acquired a number of smaller entities. In the case of Emax, the biggest problem seems to be in calculating the value of the company. If the basis for the assessment of the Poznan-based company were its WSE share value, it would currently be valued at around zl. 130 million. Emax has become a valuable company, mainly due to its capital group, a part of which is its subsidiary, Winuel, which controls 70% of the market in IT systems used for managing distribution of electrical energy and around 50% of market in systems for power utilization. The power industry is currently one of the most attractive business prospects for companies in the IT sector. (Puls Biznesu, p. 8; Parkiet, p. 1) A.K.