Tom\u00e1\u0161 Budn\u00edk’s J&T Thein Investment Fund has completed its largest acquisition to date.\u00a0He bought the company C System CZ, which was previously owned by the co-founders Jan Ne\u010das and Pavel Hajn, into his emerging IT group.\u00a0Budn\u00edk himself confirmed the information about the transaction in an interview with E15, he did not comment on the sale price.\u00a0Sources for the E15 daily, however, speak of an amount in the hundreds of millions of crowns.<\/p>\n\n\n\n
As part of the transaction, the fund also acquired the companies \u010cesk\u00fd servis and C System Net, which belonged to the same owners. In total, these are three companies that generated revenues worth 1.8 billion crowns last year. <\/p>\n\n\n\n
The package of acquired companies provides supplies and services of IT infrastructure, specifically offers, for example, data centers, network elements, or physical servers, ie the same as companies that are already in the fund.\u00a0Unlike them, however, it focuses on other customers.\u00a0“Existing companies have focused more on larger clients, while C System also has customers between medium and small companies,” explains Budn\u00edk.<\/p>\n\n\n\n
“Through the acquisition, we are gaining a strong network of regional branches, which mainly serve corporate customers and regional public administration,” Budn\u00edk added, adding that for the acquisition fund it means that its consolidated revenues will reach over CZK 2.5 billion.<\/p>\n\n\n\n
The founders of the company Ne\u010das and Hajn will continue to work in the C System, the first of the named also retained part of the company, namely the division of medical IT systems. “After a process lasting more than a year, I am glad to hand over the group in a very good condition to the Thein fund, under which the long-term building of the group will continue,” says Ne\u010das about the transaction.<\/p>\n\n\n\n
The J&T Thein Fund is not the only one to buy IT companies in the Czech Republic.\u00a0Domestic IT companies are also integrated into their group by, for example, the Karel Kom\u00e1rek Aricom group.\u00a0And market consolidation will continue, says \u0160t\u011bp\u00e1n H\u00fasek, head of technology consulting at Deloitte.\u00a0<\/p>\n\n\n\n
“There are many reasons for acquisitions.\u00a0Buyers thus find synergies and gain advantageous investments.\u00a0On the other hand, the original owners can receive interesting capital for their further business, or join a larger group of companies, with the proviso that they will be able to implement much larger orders, “comments the situation on the H\u00fasek market.<\/p>\n\n\n\n
The J&T Thein joint fund was founded by former O2 director Tom\u00e1\u0161 Budn\u00edk with the J&T group.\u00a0Budn\u00edk holds 65 percent of it and the rest is held by the investment group of businessman Patrik Tk\u00e1\u010d, who is also a co-owner of the publisher of the daily E15.\u00a0The fund already controls four companies after the acquisition.\u00a0It has companies such as Aitcom, Network, and net.pointers in its portfolio.<\/p>\n","protected":false},"excerpt":{"rendered":"