Asseco has acquired a 51% stake in Tecsisa.

Asseco, a technology corporation, has acquired a 51% stake in Tecsisa, which provides IT solutions for the power sector. Asseco International has acquired a 51% stake in Tecsisa for €4.95m ($5m). The value of the transaction may increase up to €7.96m ($9m), depending on the results generated by the Spanish company in the following years. "With the addition of Tecsisa, the Group will expand its product portfolio with a native cloud solution, which will be developed together with the Spanish team. Ultimately, we want to create a system based on the best functionalities of AUMS and Kommodo. Following the acquisition, together with Tecsisa, we will manage over forty million electricity and gas consumption points worldwide." Paweł Piwowar, Asseco Poland Vice President of the Management Board.