Komárek’s KKCG buys the 30-year-old Czech IT company KOMIX, reaching 8.5 billion

Karel Komárek continues to expand its IT group Aricoma, which consists of companies such as AutoCont, Cloud4com, Cleverlance, DataSpring and others. Aricoma, which belongs to the KKCG investment group, has newly bought a 100% stake in the 30-year-old Czech company KOMIX, and the transaction will still be approved by the Antimonopoly Office.

KOMIX has so far owned Tomas Rutrle (32 percent), Martin Lipš, Yvona Parmová, Martin Sláma a Libor Malek (17 percent each).

KOMIX acts as a subcontractor of companies such as IBM, Atos, Hewlett Packard Enterprise or DXC Technology. It also operates as a direct supplier and developer of custom software. It supplies, for example, the police, the interior, the CSSA, the Ministry of Justice and companies such as Škoda Auto, Porsche or Nestlé.

“In the past, KOMIX has participated, for example, in projects for electronic disability, travel documents with biometric elements and a population registration information system,” the company states.

About three hundred people work for KOMIX. Revenues in 2019 reached almost 450 million crowns with a profit of over 41 million. This year, sales are to exceed half a billion.

“The entire transaction is financed from a bank loan and from the buyer’s own resources. The company’s management, including its director Tomáš Rutrle, will continue to participate in the management of KOMIX. Until the transaction is approved by the Office, KOMIX will act independently, ”states KKCG.

KKCG is trying to create an IT holding company that will be able to compete in the markets of Western Europe. The group recently acquired the Swedish Seavus. How said Aricomy’s boss in an interview with Lupa Milan Sameš, funds for further purchases are not a limitation.

With the incorporation of KOMIX, Aricoma will expand into eight companies with more than three thousand employees. Their consolidated turnover will reach 8.5 billion crowns with an EBITDA profit of around 900 million.

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