Total Specific Solutions (TSS), a Dutch software development company, has made a significant investment decision by finalizing an agreement to acquire an additional 14.84% stake in Polish software company Asseco Poland $ACP.WA. This strategic move establishes TSS as the largest shareholder, presenting new opportunities for both companies.
In late January, TSS acquired 9.99% of Asseco's shares from Cyfrowy Polsat $CPS.WA. With the completion of this new transaction, TSS will hold 24.84% of Asseco's shares through its subsidiary, Yukon Niebieski Capital. The transaction price was set at 85 PLN per share, consistent with the previous purchase from Cyfrowy Polsat.
Structural Changes
1. Increased Shareholding: After concluding the new deal, TSS will control 20,618,892 shares.
2. Support from Existing Shareholders: The Goral Fund, already holding 10.01% of the shares, has signed an agreement with TSS, strengthening its position.
Strategic Advantages
Acquiring shares in Asseco Poland offers TSS the potential to bolster its presence in the European software market. This becomes particularly significant in light of the increasing global influence of international corporations in the sector, a point emphasized by Asseco's CEO, Adam Goral.
- Enhanced competitiveness in the global market.
- Access to new technologies and developments.
- Long-term strategic partnerships.
The agreement is subject to regulatory approval, a standard procedure for transactions of this nature, aimed at safeguarding market competition and the interests of all stakeholders.
The collaboration between TSS and Asseco Poland can create synergies, enabling both companies to successfully tackle the challenges posed by the rising dominance of global technology giants. This opens up new horizons for growth and innovation in the software field.
1 Comments
This acquisition could open up exciting growth opportunities for both TSS and Asseco Poland.