Elektrobudowa plans to spend PLN 100-150 mln on takeovers

WSE-listed construction and engineering firm Elektrobudowa wants to spend PLN 100-150 million on acquisitions to expand its product range, Deputy CEO Paweł Skrzypczak said. According to CEO Janusz Juszczyk, the company is undertaking “very intensive” efforts regarding potential M&A and prefers buying local entities. Elektrobudowa will finance potential transactions with external financing, but “not necessarily” with bank loans, according to Skrzypczak.