Investment with Euvic Group
In the fourth quarter of 2024. The Polish International Development Fund 2 Closed-End Investment Fund entered into financing agreement with Euvic Group. This partnership aims to finance the acquisition of equity stakes in five Ukrainian IT companies located in Lviv, Kyiv, Kharkiv, and Vinnytsia.
Company profile
Euvic Group has been on the market since 2005 and employs nearly 6,000 people. It is one of the largest tech-capital groups in Poland, awarded with numerous certificates. It has steadily expanded its services, focusing on six core areas: software development, IT infrastructure, team leasing, innovation, digital performance, and consulting.
Motivations of the company to expand abroad
Euvic's unique 360° model delivers comprehensive IT expertise, driving digital transformation for businesses in Poland and globally, including the US, UK, DACH region, Scandinavia and Dubai. The Group aims for further growth through overseas expansion and further market consolidation.
Choice of expansion destination
Following the success of its first investment in Ukraine in 2022, Euvic Group has decided to increase its involvement in this challenging but promising market.
Supporting the reconstruction of the war-torn eastern neighbor is an opportunity for Polish business. Poland is the first country to introduced comprehensive regulations and incentives for investing in Ukraine. The choice of this direction was also determined by the quality of services and solutions provided, as well as a well-developed and efficient model for acquiring customers in foreign markets. The acquired companies operate in the areas of software development and provide IT services in the outsourcing model. With the acquisition of the five companies in Ukraine, Euvic will create a technology group in this market, which will be a competence center serving customers from different parts of the world. KUKE is responsible for insuring the transaction. .
Benefits of expansion
The creation of an effective competence center in Ukraine, will allow the Euvic Group to further develop its portfolio of projects and acquire customers in international markets. Further overseas expansion is conducive to strengthening Euvic Group's position in the region.