Ster-Projekt takeover of minor players is proving to be a battlefield

IT sector company Ster-Projekt has not yet concluded its two planned takeovers, which were to finish by the end of April. "Regretfully, negotiations are rather tough and we do not know when they will be concluded," said Bogna Sikorska from Ster-Projekt. At the beginning of April, company president Piotr Smólski announced that he was concluding negotiations with two companies that were to enrich the product portfolio of Ster-Projekt. However, company representatives stated they could not reveal the names of the potential targets. Now it is only known that one of them has revenues of around zł. 2-3 million and the other revenues of zł. 10-15 million. Both companies also sell their own IT software and solutions. Ster-Projekt had net profits of zł. 800,000 on revenues of zł. 115 million in the first quarter of 2003. (Parkiet, p. 4) M.M.