Complex buys two firms

MAG
opublikowano: 2008-09-03 14:51

Warsaw (Puls Biznesu) – 10 months after its IPO, the ball-bearing producer implements two big targets.

Complex, the producer and distributor of ball-bearings and machine parts, has its own logistic center, one of the aims of its IPO. It cost nearly PLN 8m (EUR 2.4m).

„We will also offer logistic services to other companies”, Ryszard Petrykowski, Complex member of the management said.

The company has also acquired 70 percent of Quito, the producer of machines for the mining industry. The stake will cost PLN 3.5-3.7m.

Complex has already spent 70 percent of PLN 18.8m raised in the IPO last year. It plans further acquisitions.

(PLN 1 = EUR 0.297)