Sescom mulls acquisitions

WSE-listed technical service provider for chain retail outlets Sescom is interested in acquisitions, the company’s CEO Sławomir Halbryt said. The company is looking for a potential target among its partners first, and in the case of a large transaction might issue new shares. “We are not only planning organic development but also looking for interesting entities that will adhere to our business and strengthen the mainstream business. We think about it as seriously as possible, but time will show what the investment possibilities will be,” Halbyrt explained the company’s  M&A strategy. He added that at this moment, it is difficult to assess whether the acquisition could take place this year or in the next one. He added that a larger acquisition would require time and share issue. “ We are able to finance smaller acquisitions with own funds and bank loans. With a larger transaction, we will definitely want to issue new shares,” he added.