Poland's Asseco goes on acquisition trail in Denmark  

2009.08.17
Asseco has acquired a majority shareholding in the Danish consultancy firm IT Practice, with other Danish acquisitions expected to follow
The Polish company Asseco, which is listed on the Warsaw Exchange, has acquired a majority shareholding in the Danish consultancy firm IT Practice, reports Business.dk. The purchase is reportedly the start of a number of acquisitions in Denmark.
 
Asseco, which was founded by entrepreneur Adam Góral in 1991, has companies in 15 European lands.
"I have always been impressed by the Scandinavian culture, and I believe that we can learn a great deal from IT Practice," says Góral, who adds that the acquisition in Denmark can only take place if the management of IT Practice agrees.
 
IT Practice has garnered recognition from industry commentators in Denmark, and competes on an everyday basis with major players like Capgemini, CSC and IBM. Latest figures put the IT Practice's annual revenue at DKK 127m (USD 24.3m) and profits at about DKK 17m (USD 3.25m).
 
Asseco's annual revenues are the equivalent of around DKK 5bn (USD 955m), with profits of DKK 700m (USD 134m). The company's customers include Deutsche Bank, Deutsche Telekom, France Telecom, Unilever and Volkswagen.

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