The investment in eo Networks as another step to strengthen the Software Development and IT Infrastructure pillars
Since 2020, when we started investing in eo Networks, a company listed on New Connect, we knew that this cooperation had a great potential. We saw the value which we could translate directly into the quality offered to our clients. Today we can officially say that we are just finalizing the latest transaction, multiplying the previously held 12% of the company's shares.17 May 2021 | Reading Time: 3 minutes | Share:
Acquisition as a way to full complementarity of services
eo Networks, in its 20-year history has specialized in creating and maintaining software solutions for telecommunications and logistics. It also provides maintenance services for the corporate market and the public sector. The acquisition of this company will allow us to strengthen both the pillar of software development and the pillar of infrastructure. It will help us to achieve numerous synergies, especially in the service network.
Offering services in the field of analysis, product and service development, web and desktop solutions, portals, transactional systems, communication tools, information architecture, content management, CRM systems as well as system integration and maintenance, quality assurance and testing, as well as outsourcing of competencies, eo Networks will significantly strengthen our current offer.
The acquisition of eo Networks will be an important step in the development of the IT pillar, which is strategic for our Group. eo Networks has impressive experience in supporting and servicing hardware and IT infrastructure for the largest market companies. It also has proprietary software, perfectly arranged processes, and a network of great specialists throughout the country, as well as experienced managerial staff. This investment will help us to become one of the leaders on the maintenance services market. Taking into account the experience of Euvic and eo Networks in the field of software development supporting the logistics of e-commerce, these companies will bring the Group significantly closer to the position of a leader also in this field – says Wojciech Wolny, co-founder and the president of Euvic, who is impatiently waiting for the approval of the Office of Competition and Consumer Protection for the transaction.
Operating on the maintenance services market, eo Networks provides its customers with warranty service of IT equipment, as well as devices with IoT technology, including the most advanced household appliances, RTV, extended warranties, post-warranty repairs, and optimization of the print environment throughout the country. The company also sells products and solutions such as Digital Signage (digital distribution of multimedia content on electronic displays), printing devices and consumables, print management systems, computer hardware, and IT devices, parts, and SSL certificates.
We are increasing the possibilities and effectiveness of our maintenance services. Our clients won’t have to look for such an offer among other partners and will be able to entrust us with comprehensive services for their business. As a result, we will be able to reach for more advanced projects, thus strengthening our position on the market – says Zbigniew Ciukaj, vice president of Euvic IT.
Strengthened competencies and more opportunities
The acquisition of eo Networks is another significant step to the implementation of the adopted Integrator 2.0 strategy and will significantly increase the competencies of the Software Development and IT Infrastructure pillars. All this will have a positive impact on the activities of the entire group, in particular companies such as Euvic IT SA, IT Challange Sp. z o.o. and Euvic Solutions SA. It is also a great development opportunity for eo Networks.
Joining the Euvic Group will be a huge chance for eo Networks and will help in its further development. It is also a great source of motivation. When we become part of the Group, we will co-create and actively engage in its investment policy. Thus, new business opportunities will open up for eo Networks. Thanks to the experience of, among others, in telecommunications and logistics, we will support companies that already use Euvic’s services. Our offers complement each other, and thanks to joining forces, companies will see us as a partner offering comprehensive support in digital transformation – points out Błażej Piech, President of the Management Board of eo Networks S.A.
Investments are in the DNA of our brand, allowing us to get closer to the set goal – building a group of companies that will annually generate one billion PLN of revenue, providing comprehensive services to clients in a 360-degree model.