JTT and TCH merger to create computer products leader

The merger of two computer component distributors JTT Computer and TCH Components will create the largest distributor of computer products on the Polish market. By taking advantage of the economies of scale, the merger will allow the new company to take a dominant position on the market and increase effectiveness. The new company will enter the Warsaw Stock Exchange (WSE) in 2001. The merger will be accomplished by a share exchange. JTT distributes computer components and also produces Adax computers. Its biggest partners are Hewlett-Packard, IBM, Microsoft and Phillips. JTT employs 248 people and had consolidated revenues of zl. 430 million last year. TCH is also a computer components distributor and its partners are Intel, Kingston, and Microsoft. It employs 100 people and had revenues of zl. 267 million last year. JTT was ranked the eighth largest computer company in Poland and TCH thirteenth. (Prawo i Gospodarka, Sept. 30-Oct. 1, page 4, Rzeczpospolita, Sept. 30-Oct. 1, page B3)