You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Czechia's Solitea to acquire Slovenian IT firm Vasco

Author Radomir Ralev
Czechia's Solitea to acquire Slovenian IT firm Vasco Author: Rachel Johnson.

LJUBLJANA (Slovenia), August 4 (SeeNews) - Czech ICT solutions provider Solitea has signed an agreement to acquire the entire equity capital of Slovenian developer and seller of enterprise IT systems Vasco, Solitea said.

Vasco will come under the Solitea-owned Slovenian operator SAOP, which brings together companies operating in the Croatian, Slovenian and Serbian markets, Solitea said in a statement last week.

You can subscribe to our M&A newsletter here

SAOP and Vasco's first joint project will involve the development of a new point of sales (POS) solution for easy administration of cash registers, Solitea said.

"By joining forces with Vasco, we gain extensive knowledge and development capabilities. Together we intend to build the best POS solution in the region," SAOP CEO Petra Sinigoj said in the statement.

The acquisition will not affect Vasco's clients or employees, who will continue to come under the current executive management, Solitea said

The transaction is subject to approval by the Czech competition authority and its Slovenian counterpart.

Share this story
SeeNews in Brief

View our Newsletters

 
Compare