Originally a purely project and engineering group, SUDOP is gradually building an ecosystem of differentiated IT companies in the Czech Republic and Central Europe. The merger with IMPROMAT-COMPUTER will give SUDOP CIT access to a broad portfolio of infrastructure services and solutions that will complement the group's existing offerings in the areas of software development, cloud services, cybersecurity and IT consulting. With this acquisition SUDOP CIT acquires a stake in its 14th technology company, including Linksoft, Orbit, Actinet and BizzTreat. SUDOP CIT has been growing significantly in recent years both by means of acquisitions and organically, averaging more than 30% per year. After reaching the billion-crown milestone in 2022, the group's revenues will significantly exceed CZK 2 billion this year.
IMPROMAT-COMPUTER is a stable Czech company with 30 years in the market and more than 100 employees. It has built solid partnerships with world leaders in infrastructure technologies, cloud and security solutions such as HP, HPE, HDS, IBM, Microsoft, VMware and many others. The company's revenue in 2022 exceeded CZK 800 million. It will continue to operate under its strong brand IMPROMAT-COMPUTER, with existing management and employees.
"By joining forces with IMPROMAT-COMPUTER, we have gained the ability to offer our clients a full range of IT services from infrastructure delivery and ICT management through software development, data analytics to complex cybersecurity and consulting," said SUDOP CIT CEO Jiří Živnůstka. "We are excited to be closer to our clients thanks to a network of service centres across the country."
JŠK's transaction team was led by partner Tomáš Doležil on the buy side in cooperation with senior associates Jana Pospíšilová, in an executive role, and Vladěna Svobodová, who handled the competition law aspects of the transaction. "We make a great team with our client," JŠK partner Tomáš Doležil said. "We all like the transaction to have pace and move briskly towards a successful conclusion thanks to the practical resolution of open issues."
"We are very pleased that the JŠK team is contributing to SUDOP CIT's growth with its third transaction in a row," said Michal Šťastný, Investment Manager at SUDOP CIT. "The team has quickly earned our trust and we especially appreciate its assistance in finding solutions with the counterparty on key issues of the transaction."
JŠK is a mid-sized law firm providing services for clients in all areas of commercial law, especially in M&A, banking & finance, insurance, construction, real estate and energy. The firm has been operating in the Czech market for more than 18 years, and its clients include respected banks, insurance companies, private equity funds and multinational corporations, as well as mid-sized companies and individual investors.
JŠK is a member of PONTES, a unique network of similarly specialised law firms, which includes firms from Central and Eastern Europe. PONTES members currently operate in Bratislava, Bucharest, Budapest, Prague, Sofia, Vienna and Warsaw.