Efecte acquires artificial intelligence company in Poland

IT company Effects has made a takeover bid for all Polish InteliWISE:n shares. The offer is PLN 3.99, or approximately EUR 0.87 per share, or EUR 5.9 million.

The largest shareholders, representing approximately 66.3 percent of all shares and voting rights, have irrevocably committed to accept the tender offer.

InteliWISE is a SaaS company listed on the Warsaw NewConnect alternative marketplace that automates conversations using artificial intelligence.

Efecte will not change the 2022 guidelines, but the arrangement would have a positive impact on SaaS revenue growth, the release says.

The company expects the planned transaction to have a positive impact on earnings per share by the end of 2023 due to sales and other synergies.

By Editor

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