“Today, the total amount of investments is in the hundreds of millions of crowns, and we have significant strategic and financial support from the Sudop Group for the coming years,” said Jiří Živnůstka, Chairman of the Sudop CIT Board of Directors, for the E15 daily. Today, Sudop CIT brings together seven specialized IT companies. For example, the group has set up its own Citas agency to focus on finding IT professionals. He buys other companies.
For example, it recently acquired the Prague company Actinet, which focuses on cyber security and is one of the suppliers to the state’s critical infrastructure. Previously, LinkSoft was acquired, giving Sudop the capabilities in custom software development and outsourcing. Orbit has brought data center, virtualization and cloud knowledge.
This report is to generate consolidated revenues of around a billion crowns this year. In 2020, it made 650 million with an EBITDA of 100 million. Sudop CIT is thus one of the group’s important activities. The traditional company Sudop Prague, for example, also earned a billion crowns last year. Sudop Group has total annual sales of five billion crowns and employs over two thousand people.
It is due to complete another acquisition in the area of cybersecurity and cloud by the end of this year. Furthermore, foreign entities are in search. Sudop CIT strives to cover the entire area of IT. It responds to the ongoing digitization and opening up market opportunities.
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“Construction today resembles the banking sector about ten to fifteen years ago. Technologically, it goes a long way forward, it reflects the area of digitization and technological shift, “explained Živnůstka. Sudop’s investments in IT are to be long-term and their exit is not planned.
“Unlike investment groups or funds, we are not pressured by investors. We don’t need to invest money and we don’t try to buy every IT company that comes along just to gain more market share. We don’t even have an investment horizon when we will have to sell the company and return the money to the investors, “added Živnůstka.
Other groups are buying on the Czech IT market. Aricoma under KKCG Karel Komárek has already acquired AutoCont, Cloud4com, Cleverlance ES and other companies and is also active in acquisition in Europe. IT activities at KKCG already generate sales of over eight billion a year. Brno’s Solitea has Slovak capital behind Sandberg and has bought dozens of companies from the Czech Republic and abroad. This year’s sales will reach two billion.
Tomas Budnik’s Thein and J&T targeting 2.5 billion are also active. The IT sector is still fragmented and includes a number of highly specialized companies with less than a dozen employees. At the same time, their size limits their ability to reach for large-scale projects. This, together with the covid and the ongoing digital switchover, is creating opportunities for shoppers.
