Balázs Várkony and Gyula Kelemen, the founders of Extreme Digital, Hungary’s leading e-commerce company for consumer electronics, have bought back the 51% stake from Steinhoff International.
AD Plastik Group, the largest Croatian manufacturer of plastic components for the automotive industry, acquired 100% ownership of Tisza Automotive Kft., a Hungarian auto parts supplier. With this transaction, AD Plastik Group continues its strategy of international growth and expansion of its customer portfolio. AD Plastik Group now has eight production plants in five countries.
Green Fox Academy, a Budapest-based “Tech School of the Future”, has raised EUR 750,000 from Széchenyi Tökealap, a Hungarian investment fund. The company provides new education products for the tech-driven labor market and headhunting services for companies to address the shortage of IT talent in Hungary (and Europe) and the increasing demand for high-tech skills in the workforce. The program includes a 4 month bootcamp for software coding. The funds will be used to further grow the Company’s product and service offering and to expand regionally. The first regional opening will be in Prague (Czech Republic).
Polish Enterprise Fund VI (PEF VI), a private equity fund managed by Enterprise Investors, has sold 100% of shares in Netrisk.hu, Hungary’s top online insurance broker, to MCI.EuroVentures of MCI Capital Group, a private equity firm listed on the Warsaw Stock Exchange. Netrisk.hu is one of the largest online marketplaces for retail banking products and the largest company offering online comparison of telecom/cable, internet and TV packages in Hungary.
FirmenABC announced the sale of an 80% shareholding to Investnet AG, a Swiss private equity and investment group. FirmenABC is a full-service online marketing agency and market leader in cross-media advertising and promotions for small- and medium-sized businesses in Austria and Germany.
LOGIN AUTONOM Kft., a provider of innovative software solutions for Human Resource management, raised financing to expand business in Hungary and abroad. The success of the Company is based on its own-developed EASE++ software and modules that help to drastically reduce workload and decision processes for employers and employees, while also to boost labour efficiency and welfare.
DS Data systems (UK) Ltd. sold a majority stake to Zucchetti spa, the leading Italian software group. DS Data Systems operates between the UK and Italy and is the developer and owner of KonaKart, a highly successful Java-based B2C and B2B e-commerce software product.
Prestige Systems Ltd, an IT infrastructure specialist, was sold to Park Place Technologies, a leading provider of hardware maintenance and support.
Premier IT, a provider of IT outsourcing services including service desk solutions, field services, datacenter management and NOC (network operations center), was sold to Quality, a leader in application management, electronic channels, mobile applications, mobility microservices, identity and governance management, risk, and compliance.