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Letter of intent for the acquisition of ZETO Poznań

On 24 December 2012, Asseco Poland signed a letter of intent to acquire shares in ZETO Poznań. In line with the Asseco's strategy, the acquired company will become part of the Group's consistently built nationwide integration subsidiary.

On 24 December 2012, Asseco Poland signed a letter of intent to acquire shares in ZETO Poznań. In line with the Asseco's strategy, the acquired company will become part of the Group's consistently built nationwide integration subsidiary.

 

The letter of intent, which has signed between Asseco Poland and shareholders of ZETO Poznań, determines the terms and conditions for the acquisition of shares representing 99.93% of the share capital of ZETO Poznań. These shares will be acquired by Asseco Poland or its wholly-owned subsidiary Asseco Systems S.A. seated in Rzeszów.

 

The acquisition of ZETO Poznań matches the Asseco Poland's strategy to build a firm acting as a supplier, integrator and distributor of information technology solutions, focusing on local markets across Poland. While implementing this strategy, in April Asseco purchased shares in ZETO Łódź, whereas in September it signed a letter of intent for the acquisition of shares in ZETO Białystok.

 

Przedsiębiorstwo Usługowo-Handlowe Zastosowań Elektronicznej Techniki Obliczeniowej ZETO S.A. seated in Poznań is a provider of comprehensive information technology services, focusing especially on IT outsourcing, implementation and consulting services. The company employs 87 persons. It is also engaged in the provision of system integration and security services, as well as in the supply of IT hardware. In 2011, ZETO Poznań generated PLN 22.2 million in sales revenues, while earning a net profit of PLN 3.4 million.


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