Work Service seeking Romanian acquisition
Employment services firm Work Service plans to carry out an acquisition in Romania this year and other foreign takeovers in the future, the company’s CEO Tomasz Hanczarek told ISBnews. The strategy is to have outposts in every significant market between Berlin, Moscow and Istanbul, he said.
The Romanian target company will be from a market niche. The value of the acquisition will be between PLN 30-80 million. Work Service is still monitoring that country’s market.
Funds to finance the takeovers may come from an SPO or a bond issue, possible denominated in a foreign currency, Hanczarek also said.
