Fast track to success?

The Trakcja Polska Group, a builder of railway and tramway infrastructure, has announced that it will hold its IPO and debut on the Warsaw Stock Exchange within the next few months. The company has already submitted its issue prospectus to the Polish Financial Supervision Authority. UniCredit CA IB Polska will serve as broker for the deal.

"We are planning to diversify our activities - we are thinking of the renewable energy and  municipal services markets. In the realization of our strategy we want to make use of funds obtained through this share issue," said Maciej Radziwiłł, acting director of Trakcja Polska.

At the same time, the company plans to strengthen its position on the railway infrastructure market. "Investment projects planned in Poland for the years 2008-2014 are worth zł.44 billion, a substantial proportion of which will be covered by EU funds. This is why we want to develop in this segment of the market," said Radziwiłł.

Trakcja Polska heads a capital group comprising the Railway Engineering Joint Stock Company of Wrocław, Przedsiębiorstwo Robót Komunikacyjnych-7, Bahn Technik Wrocław and PRK7 Nieruchomoœci. Spanish construction company COMSA is the strategic shareholder inTrakcja Polska, holding a 62.3-percent stake in the firm. Most of the remaining shares are owned by the firm's management, with a 20.7-percent stake belonging to Radziwiłł.

Trakcja Polska has been a joint stock company since 1994. It specializes in the modernization of rail and tram lines and offers design, production, assembly and servicing of traction systems, piling, remote control systems, contact substations as well as transformer lines and stations. The main clients of Trakcja Polska's services include municipal transportation institutions and companies of the PKP Group.

In 2006, the company registered a revenue of zł.363.2 million and its net profit amounted to zł.11.2 million.