Prokom Software joins forces to bid for Czech PVT

Leading IT company Prokom Software has submitted a bid for a 96.52% stake in Czech peer PVT to expand into the neighboring market ahead of EU expansion, two sources said on Monday. Prokom, east Europe's largest systems integrator, is the second known bidder after Czech software company Unicorn said earlier on Monday it had joined forces with Slovak financial group Penta to bid for PVT, one of the leading Czech IT firms. According to the sources familiar with the bid, Prokom was bidding as part of a consortium with two financial partners, namely the Czech-Slovak financial group J&T and Dutch-based investment group Middle Europe Investment. However, none of the parties involved would reveal the value of the bid. (Parkiet, p. 5; Reuters) J.K.