BELGRADE (Serbia), November 11 (SeeNews) – Polish IT firm Asseco South East Europe (ASEE) said it plans to merge its three Serbian units by the end o this year, aiming to simplify and improve operations, Sebian broadcaster b92 (www.b92.net) reported on Wednesday.
ASEE will merge Antegra, Kardinfo and Pexim, b92 quoted company CEO Piotr Jelenski as saying.
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The company has invested 34.9 million euro ($52.5 million) in Serbia so far and employs 430, Jelenski said.
ASEE plans to spend 28.5 million euro towards aquisitions in the region in the coming period, Jelenski said without elaborating.
The European Bank for Reconstruction and Development (EBRD) said in August it will provide 22 million euro in funding to Asseco to boost the company's expansion in SEE and Turkey, 7.0 million euro of which will go to ASEE, which is owned by Asseco Poland.
ASEE provides various information technology services for the banking, public and telecom administration sector in Croatia, Serbia, Romania, Slovenia, Albania, Bulgaria, Bosnia and Herzegovina, Montenegro and Macedonia, operating through its subsidiaries in these countries.
Serbia’s IT industry was worth 545 million euro in 2008, of which equipment accounted for 47%, the secretary of Serbia’s Chamber of Commerce IT Association, Jelena Jovanovic said in the article. Local IT companies exported 110 million euro worth of software last year, Jovanovic added.