Poland’s largest IT company Asceco is hoping to take over a 100 percent stake in its rival, Sygnity, through an offer of PLN 250m. Success in the acquisition, Asceco believes, would strengthen its position in the banking, public administration, energy and service sectors. “I am convinced that this transaction would have a positive influence on the professional development of Sygnity’s staff. The exchange of know-how as well as the inclusion of international business divisions at Asseco Group would provide long-term perspectives for the team at Sygnity,” said Adam Góral, president of Asceco Poland.
There’s no guarantee, however, that the offer will be enough, as it works out to PLN 21 per Sygnity share. Shareholders have cast doubt on the offer, claiming it doesn’t reflect the true value of the company, while Segnity itself has made no comment on the matter. It appears, therefor, that negotiations are just getting going.
