ZAGREB, 27 May 2021 - Comping, a leading Croatian IT company, has taken over Megatrend Business Solutions, to expand its business concerning high technological solutions, Comping's management board director Alojzije Jukić told a news conference in Zagreb on Thursday.

Both sides said that they were happy with the transaction, however, they stopped short of revealing the value of the transaction.

"The acquisition of the majority of Megatrend Business Solutions (about 90%) will help us to additionally strengthen our market position, particularly in the data center area, business analytics infrastructure. In that regard, we plan a data center in Buzin where we will invest about €2 million in the next two to three years," Jukić said.

He said that due diligence showed that Megatrend's business is similar to Comping, with intelligent people carefully developing its brand, and that cooperation had already been established with the Data Target company which has a data center, business analysis section, and infrastructure section with about 20 employees.

Responding to reporters Jukić presented some of Comping's business details, saying that in 2020 it generated a turnover of about HRK 200 million, that it employs 110 experts, and that it is focused on profitability, adding that each year it generates a profit.

With the planned investments, he expects revenue to increase based on its business operations and further development of its infrastructure and integrating services which account for about 25% of its business.

Comping has been doing business on the Croatian market for more than 30 years.

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