New investments keep Pekaes ahead of the pack

In Q3 the firm may devote as much as zł.50 million to acquire two entities from the transport and logistics sector. "The due diligence of the two firms is in process. Their combined revenues in 2005 can amount to zł.110 million. They are both profitable," said Wacław Wojciechowski, a member of Pekaes's management board. But the list of Pekaes's investments is already impressive. On Friday, Pekaes spent around zł.6 million on a fleet management and satellite connection system from Qualcomm Wireless Solutions. This, among others, will enable the company to automatically square accounts with the drivers, and to lower costs. Recently Pekaes took over 85.45% of the shares in Expolco Transped, a company that specializes in sea carriage and international land transport. The value of the transaction was zł.5.1 million. In December the company intends to introduce the SAP communications system, which cost zł.3 million. (Parkiet, p. 5) A.F.