ARTICLE · 19 JULY 2012

Asseco Poland Free To Acquire Sygnity

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The acquisition of Sygnity by Asseco Poland has been approved by UOKiK, Poland’s competition authority.

PolandAntitrust/Competition Law

Malgorzata Urbańska

The acquisition of Sygnity by Asseco Poland has been approved by UOKiK, Poland's competition authority.

Asseco Poland belongs to an international group of over 60 companies operating worldwide and is one of the leaders in the Polish IT market. Sygnity is a direct competitor. Both companies are listed on the Warsaw Stock Exchange.

UOKiK approved the acquisition after deciding that it would not significantly restrict competition. Before issuing the decision, UOKiK sent a survey to 47 companies operating in the IT market and to some selected clients of Asseco Poland and Sygnity. Asseco Poland and Sygnity were found to compete in IT services for banking, public administration, media, industry, utilities, wholesale and retail trade.

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