Enterasys Networks acquires 10% stake in IT distributor JTT computer
US network systems producer Enterasys Networks has invested nearly zl. 6
million in Wroclaw-based computer manufacturer and IT distributor JTT
Computer. In return for the investment, the American firm will obtain 10%
shares from a new share issue of the Polish company. JTT has been selling
and distributing Enterasys Network products since December 2000. "Purchasing
small stakes in our partners is part of our strategy'" says the head of the
Polish branch of Enterasys Networks, Marek Drozdz. According to Puls
Biznesu, the American company will pay for the stake partly by providing
equipment and staff training, however both sides deny these rumors. "We are
buying the stake for cash" says Drozdz. "It's a capital investment. We do
not intend to fill our warehouses with Enterasys equipment, but the
investment will strengthen JTT's position in the field of cutting edge
solutions" says JTT's president Pawel Ciesielski. (Puls Biznesu, p.9) A.Z.