Asseco interested in taking over Unizeto Technologies
In response to active efforts undertaken by the Management Board of Unizeto Technologies in order to gain a strategic investor who would take over a controlling stake in the company and ensure its further development, Asseco Poland has expressed its interest in acquiring 100% of shares of the Szczecin-based integrator.
Asseco Group has been already joined by ZETO Bydgoszcz and ZETO Łódź, and the acquisition of Unizeto Technologies by Asseco Systems, a subsidiary of Asseco Poland, would be the next step in building our nation-wide system integration company, which is based on the resources of former regional ZETO firms.
On 8 December 2014, the Management Board of Asseco Poland signed a letter of intent with four major shareholders in Unizeto Technologies who hold 50.92% of the company’s shares, and is planning to reach agreement with other shareholders as well. The value of shares representing 100% of the share capital of Unizeto has been estimated at PLN 22.4 million.
The transaction shall be carried out upon the fulfilment of several conditions, including the agreement of the company’s shareholders to sell over 75% of their shares, obtaining consent to such acquisition from the President of the Competition and Consumer Protection Office, and the results of the conducted due diligence process. If the transaction comes into effect, it could be finalized in the first quarter of 2015.