Budimex is interested in acquiring an infrastructure company for approx. EUR 100 million in Germany, and is also looking for a target for an acquisition in the Czech Republic, announced Dariusz Blocher, member of the supervisory board and former president of Budimex. He maintained that Budimex was counting on the first contracts from Germany, the Czech Republic and Slovakia next year.
“We took part in four tenders in Germany, the Czech Republic and Slovakia, but we did not win them. Currently, we do not have any further offers, but we will submit them and I hope that in 2022 we will win the first tender on one of these markets,” said Blocher in an interview during the opening of the Żelazny Most reservoir South Quarter, the contractor of which was Budimex.
In his opinion, acquisitions may be helpful, and the primary goal is the German market.
“We want to buy an infrastructure company in Germany for around EUR 100 million, which will allow us to enter this hermetic market more easily. We are also looking around in the Czech Republic, while Slovakia is too small a market for acquisitions,” he explained.
Blocher believes that Russia, Belarus and Ukraine should be the natural market for Polish companies, but today these are not safe countries and the company is not interested in them for the time being. Budimex, on the other hand, may be interested in markets in northern Europe.
“Sweden and Norway are very interesting, but it is more difficult than a few years ago. We no longer have a significant advantage in labor costs, so we have to compete with technology, and we can afford it,” he concluded.
In September, Budimex CEO Artur Popko said in an interview that the company wanted to sign the first contracts in the Czech Republic, Germany and Slovakia in 2022 and announced that Budimex was also interested in acquisitions in these markets and was currently in talks with two entities.
Budimex has been listed on the Warsaw Stock Exchange since 1995. Its strategic investor is the Spanish company Ferrovial. In 2020, it had PLN 8.38 billion of consolidated revenues.
Source: ISBnews
