Czech society Arbes Technologies bought a 60% stake in a domestic company Crede Experto Praha. According to both companies, the largest local player in information systems for banking and payments should emerge. The annual turnover reaches over half a billion crowns and the team employs over 200 people.
“All identification data (trade name, ID number, VAT number, account numbers, etc.), as well as the contacts of Crede Experto Praha, remain unchanged. The current owner of Crede Experto Prague, Mr. Jiří Sandanus, will continue to be a minority shareholder and managing director of the company. In connection with the change of the ownership structure, no personnel changes are planned in the company, “inform the companies.
“Regionally, the joint team will serve the existing countries where it operates, ie the Czechia, Slovakia, Austria, Poland and Germany. However, the prerequisite is expansion to other countries, especially with a new generation of solutions for payments and banking. The individual teams will continue to be based in Prague, Brno, Bratislava, Katowice and Frankfurt am Main. “
In 2020, Crede Experto Praha had revenues of 196.5 million crowns, a year-on-year decrease of almost 40 million less. The company made a loss of four million last year. Arbes last year generated sales of 303 million with a profit after tax of almost 40 million.