GTS Polska eager to flex its market muscle after Energis takeover

The transaction of the purchase of 97.5% of shares in Energis will be finalized within the coming weeks, after obtaining the green light from the Office for Competition and Consumer Protection. "The next stage will be to merge both companies. This task may take us six to nine months," declared Thomas Polgar, the president of GTS Central Europe. The merged companies will generate revenues of over zł.380 million and EBITDA exceeding zł.60 million this year. After the takeover, GTS is among the four leading domestic independent operators. However, the company's ambitions go further: "In our opinion there is a place for three to four independent operators in the country. We want to be the largest one," stated Polgar. He added that the company will be developed through acquisitions. "The consolidation process has just begun. We will actively participate in it," he declared. (Parkiet, p.4; Puls Biznesu, pp. 1, 7) E.B.