Merged might

Just a few months after beginning merger procedures, two major players in Poland's IT sector, Computerland and Emax, have revealed the major goals they expect to achieve with their fusion. Though the final decision to merge will be made by a general shareholders' assembly in March 2007, the companies have already decided on a management board and have set ambitious targets for the new firm.

According to Michał Danielewski, the CEO of Computerland, a major success criterion of the merger  will be the achievement of profitability on operations of a minimum eight percent in 2008.

"We want to achieve this by stabilizing the company's revenues, strengthening our company's products and solutions within the sales structure as well as maintaining the tempo of the restructuring  process," said Danielewski.

The new company, along with its subsidiaries, will continue to focus on sectoral operations. The company expects that every year an increase of over zł.300 million in revenues is planned on operations in the banking sector, zł.400 million in the public sector, zł.120 million in the telecommunications market, and zł.300 million in the utilities and industry sector.

The companies estimate that by 2010 the merger will result in additional revenues of zł.177.6 million as well as EBIT growth of 87.3 million.

The new company will also put an emphasis on extending its operations abroad, and searching for possibilities for further fusions focused on smaller, niche-market companies.