Telmax to take over unkown IT firm

It is highly likely that as early as next week Bydgoszcz-based Telmax will finalize talks on taking over an IT company specialising in providing services for the energy sector. Representatives of Telmax would not reveal the name of the target company, but it is known that the value of the acquisition would not exceed zł. 10 million and would be financed from the company's own capital. "I can only tell you that our potential takeover partner is operating in the utilities sector. Such companies are in high demand by IT market leaders," said Telmax president Zbigniew Kuliński. The takeover target supplies billing systems for energy producers and employs 20 people. It has been co-operating with Telmax for a long time, so "The acquisition would allow us to tidy up our relations," said Kuliński. Telmax is also holding talks with other companies which would allow it to further diversify its product portfolio. (Parkiet, p. 4) M.M.