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Finland’s YIT to use M&A deals to scale-up presence in Poland’s construction sector


2011-04-26



YIT, a leading Finnish construction group with sales revenues in 2010 of over €1.3bn, aims to expand its presence in Poland through acquisitions of local players, Puls Biznesu reported. The company, which at present owns a stake in MCE, a Polish installation firm, is planning a push into the country’s residential construction market, which is YIT’s core segment, in the years ahead. Its new strategy for the 2011-2013 period envisages takeovers of Polish construction/property firms with a strong track record and market position in residential construction, and a similar corporate culture.

YIT used a similar model to enter the markets of the Czech Republic (in 2008) and Slovakia (in 2010), where it acquired majority stakes in local companies.

Meanwhile, there are also plans to expand MCE, the Polish installation arm, which in 2010 had revenues of PLN 63m (approx. €15.9m) and employs 250 people, by broadening its service offering and entering new markets.



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