French Exclusive Networks Takes Over Large IT Company in Croatia

Lauren Simmonds

As Novac/Bernard Ivezic writes on the 7th of September, 2020, the French Exclusive Networks company has taken over Veracomp, a Polish company whose subsidiary in Croatia is one of the 50 largest IT companies on the Croatian market.

Last year, Veracomp had a revenue of 208.4 million kuna and a net profit of 3 million kuna in Croatia. It is a fast-growing company on the Croatian market whose business jumped by a third compared to the year before, both in terms of revenue and profitability.

Veracomp is originally a Polish company, founded back in 1991, and is positioned on the market as a Value Added Distributor of ICT equipment in the markets across Central and Eastern Europe. The French Exclusive Networks was founded in 1995 in France, has complementary offerings, operates across 100 countries and has 50 offices worldwide. The French takeover will significantly strengthen the company’s presence in Central and Eastern Europe and also strengthen its competence in the field of cyber security.

Adam Rudowski, the CEO of Veracomp, warned that the transaction will be subject to regulatory approvals and that its conclusion is expected in the fourth quarter of 2020.

“Associating with the French Exclusive Networks is proof of the success of our approach and allows us to focus our expertise on a truly global mission, while continuing to contribute to growth and create greater value in the channel,” explained Rudowski.

He added that he will now be able to offer existing and potential partners suppliers and sellers new opportunities to increase the volume of business in the region of Central and Eastern Europe. He pointed out that this will also be a ‘brand ‘new chapter in Veracomp’s fantastic success story” for their employees as well.

Olivier Breittmayer, the CEO of the French Exclusive Networks, stated they have returned to strengthening their operations here in Europe, where they initially started.

”The story of Exclusive Networks began in Europe, and after global expansion to the EMEA and APAC regions and North America, now is the right time to expand further into Central and Eastern Europe, which has always been our plan for future growth,” says Breittmayer.

He added that acquiring a successful and well-established distribution group is the best way to accelerate a presence in the new region and create opportunities for their strategic supplier and GSI partners. He has announced new investments and is particularly pleased that there is a strong cultural match and operational coherence between the two organisations.

“Our plan is to support continued success, and not to impose new structures. This means keeping Veracomp’s key management in their current roles so as to ensure business continuity and achieve a plan for accelerated growth,” Breittmayer concluded.

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