Paged buys Europa Systems

Wood sector capital group Paged has acquired a 70-percent stake in Europa Systems, a producer of internal logistics systems, for PLN 109.5 million, the company said in a statement on Friday. “I’m convinced that by combining the advantages of Europa Systems and the capital of Grupa Paged, especially the intellectual capital, we will be able to enhance the dynamic growth of Europa Systems,” Paged CEO Daniel Mzyk was quoted as saying. Krzystof Marszałek, the CEO and founder of the target company, will retain a 30-percent stake and remain at its helm.