Polish companies increasing their activities in Germany, planning acquisitions

Despite the pandemic, Polish companies are intensifying their activities in Germany and are planning acquisitions in that market, Bank Gospodarstwa Krajowego (BGK) reported. Companies are interested in direct investments, including in the chemical, furniture, medical, logistics, and construction sectors.

"The aim of the foreign representative offices of BGK is to support the socio-economic development of Poland by, among other things, strengthening foreign expansion. We are examining the possibilities for the expansion of Polish companies in the German market and recently we see more and more activity of Polish business interested in takeovers, acquisitions, and direct investments,” Krzysztof Kamola, director of international relations from BGK's representative office in Frankfurt, said.

According to the bank, Polish companies operate on the German market mainly in the broadly understood construction industry, most often as subcontractors, which is currently changing.

"Polish companies operating in the construction industry for a long time, despite the crisis caused by the coronavirus, are planning investments, for example in the form of acquisitions of existing principals, taking advantage of the increasingly frequent problem of succession in this country. In this way, the current subcontractors are becoming general contractors," Kamola added.

(ISBnews)