The Management Board of Computerland SA has announced the merger of the company with Emax SA. The merger will increase the Computerland group’s revenue by nearly PLN 400 million and strengthen its position in the sector of solutions for administration and energy suppliers.
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The Management Board of Computerland SA has already concluded a preliminary agreement with the Management Board of Emax SA. According to it, Computerland will acquire Emax shares representing 35.7% of the company’s share capital and entitling to exercise 64.93% of the total number of votes at the general meeting. Piotr Kardach, President of the Management Board of Emax SA, will serve as Vice President of Computerland SA after the merger is completed. The general meetings of shareholders of both companies, during which resolutions regarding the merger will be adopted, are scheduled for the second quarter of 2007.
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Thanks to the merger, Computerland will increase its capacity to implement large and complex projects. Currently, Emax offers solutions for administration, banking, logistics systems, and mass mailing services; it also deals with the integration of telecommunications and automation systems. In 2005, the Emax Group had PLN 379.2 million in revenue and PLN 21.6 million in net profit, with over 770 employees. The same year, the Computerland Group closed with PLN 858 million in revenue and earned a net profit of PLN 11.9 million.