Topicus.com acquires 9.99% Stake in Asseco Poland
Deal News | Jan 31, 2025 | Globenewswire
Topicus.com Inc., a prominent provider of vertical market software across Europe, has announced a significant acquisition through its subsidiary, Yukon Niebieski Kapital B.V. The company has purchased 8,300,029 shares from Cyfrowy Polsat S.A., equating to approximately 9.99% of the shares issued by Asseco Poland S.A. The transaction sees the shares acquired at a price of 85 PLN per share, representing a strategic investment in Asseco Poland, a major player in the information technology sector operating in 62 countries. Asseco Poland provides proprietary IT solutions across various sectors, and its shares are traded on prominent stock exchanges such as the Warsaw Stock Exchange, Tel-Aviv Stock Exchange, and NASDAQ Global Markets. The involvement of Cyfrowy Polsat, a leading media and telecom group in Poland, underscores the significant strategic alliances within the region's tech and telecom industries.
Sectors
- Information Technology
- Private Equity
- Telecommunications
Geography
- Poland – The transaction involves two major Polish companies, Asseco Poland S.A., the target, and Cyfrowy Polsat S.A., the vendor, indicating a focus in Poland's market.
- Europe – Topicus.com Inc., although based in Toronto, focuses on operations and investments across Europe, indicating a broader regional strategy.
Industry
- Information Technology – Asseco Poland S.A. operates in the information technology sector, deploying comprehensive IT solutions in various industries on a global scale.
- Private Equity – Topicus.com Inc. is engaged in investment activities, particularly focusing on acquiring stakes in companies across Europe to enhance its software platform portfolio.
- Telecommunications – Cyfrowy Polsat S.A., the vendor in the transaction, is actively involved in the telecom sector within Poland, offering a variety of communication services.
Financials
- 85 PLN per share – The acquisition price per share for Topicus.com Inc.'s 9.99% stake in Asseco Poland S.A.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Topicus.com Inc. | Bidding Company | Company | A Toronto-based company that provides vertical market software across Europe and engages in strategic acquisitions to expand its portfolio. |
| Yukon Niebieski Kapital B.V. | Subsidiary of the Bidding Company | Company | A subsidiary of Topicus.com Inc. that executed the purchase of shares in Asseco Poland S.A. |
| Asseco Poland S.A. | Target Company | Company | A leading information technology company operating worldwide, offering extensive IT solutions for various industries. |
| Cyfrowy Polsat S.A. | Selling Company | Company | A major media and telecom group in Poland, known for its comprehensive digital services and recent ventures into renewable energy. |