Fund services provider Zedra has agreed to buy Awans Corporate Services, a corporate services firm in Poland.
Awans provides a range of services including accounting, business advisory, payroll management, incorporation services as well as cash management, among others.
Go deeper with GlobalData
Upon deal closure, the firm will adopt the name Zedra Poland.
The acquisition will increase Zedra’s presence to 14 countries. Financial terms of the transaction were not divulged.
Awans managing director Bartek Bielski said: “The opportunity to become part of ZEDRA, with its proactive and positive ‘do more, achieve more’ approach, and getting access to its international network of professionals is one which we found compelling and certainly in the best interest of our staff and clients.”
As part of the deal, employees and clients of Awans will move to Zedra increasing the latter’s workforce to more than 550.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataAwans founder Piotr Augustyniak will assume the role of head of Central Europe at Zedra.
Zedra CEO Ivo Hemelraad said: “This latest deal will mark our first move into the vibrant and fast growing Central European markets. With a population of nearly 38 million, together with a strong tradition for business startups and growth, we see Poland as a dynamic and important new market for ZEDRA.
Last month, Zedra announced the acquisition of BNP Paribas Singapore Trust.
