SKG joins the Asseco Group

On 27 June 2012, Asseco Poland S.A. signed an agreement to acquire a 60 percent stake in SKG S.A. The transaction value amounts to PLN 8.7 million.

SKG S.A. (formerly Systemy Komputerowe - Główka S.A.) has been engaged in IT operations for 26 years. The company is specialized in design and implementation of dedicated information systems and consulting on innovative technologies. It has also gained broad experience in the areas of taxes and customs duties, retail trade, auditing and data analysis. IT solutions delivered by SKG S.A. support the operations of several hundred firms and institutions, including: Polish Customs Administration, Ministry of Finance, Supreme Chamber of Control, Warsaw Stock Exchange, PGNiG, Polkomtel, and LOT Polish Airlines.

“Gaining such a significant investor as Asseco Poland will certainly strengthen our position on the public procurements market, as well as in the areas supported by our IT solutions, including customs duties and taxes, retail trade, auditing and data analysis. We believe that our partnership with Asseco will provide us with opportunities to execute much larger projects than we performed so far. Concurrently, as SKG S.A. remains a separate company, we want to uphold and cherish the values that enabled 26 years of our successful business operations as a family company on quite a difficult Polish IT market,” said Jarosław Główka, President of the Management Board of SKG S.A.

“Owing to this transaction, the Asseco Group enriched its product portfolio with innovative, flexible, high quality solutions developed by SKG S.A. which shall reinforce our offering especially in the sectors of public administration and enterprises. We are also very pleased of being joined by a dynamic team of experienced professionals,” commented Adam Góral, President of the Management Board of Asseco Poland.

The transaction value amounts to PLN 8.7 million. Consideration for the acquired shares shall be paid in three portions. The first portion, representing 80 percent of the acquisition price, has been already paid upon signature of the agreement; whereas, the remaining portions are payable in the next 2 years and shall depend on the financial results generated by SKG S.A. for 2012 and 2013.