Ster-Project to increase portfolio

IT integrator Ster-Project, intends to purchase four minor and two large IT companies in a bid to enlarge its offer portfolio. The acquisitions are to be financed from a company share issue worth zl. 50 - 60 million. Talks with the companies to be taken over have entered their final phase and at least two transactions are planned for this year. "In some cases we can talk about purchases, in others about mergers," said Ster-Project President Piotr Smólski. He declined to reveal the names of the companies he is interested in. It is known, however, that Ster-Project targets firms that have at their disposal their own software solutions concerning safety and management support. The planned take-overs are part of the company's strategy, worked out with the help of McKinsey, the results of which have already proved feasible: Ster-Project's results for 2002, were very high and further growth is expected. "It is difficult to give detailed forecasts, as income depends on the new contracts that we are currently negotiating," said President Smólski. (Puls Biznesu, p. 7) K.Z.