Polish firm takes 51% in Scop Computers for 5m euros

The majority stake in Scop Computers, former leader of the local IT&C distribution market, was taken over by the ABC Data group, the biggest IT&C distributor in Poland. The transaction was worth 5 million euros, and the two parties agreed that the Polish side would become the sole owner in a few years' time, so that Romanian founders - Alexandru Vişan and Dragoş Stan - could collect a different amount, i.e. up to 1.675 million euros, depending on the net profit derived by Scop in 2010.
This is the second transaction sealed with a Polish group, after selling Net Consulting integrator to Asseco in 2007.
According to data from the Finance Ministry, Scop Computers posted 81.5 million euros in turnover last year, down from 117.1 million euros in 2008. The company derived a 1.4 million-euro profit and had 24.8 million euros in overall debt at the end of December 2009. The company was leader of the local IT&C market after the decline of Tornado Sistems, and lost the no. 1 position to the distribution division of the Asesoft group, controlled by Sebastian Ghiţă and Iulian Stanciu.