Money Buzz! Europa

Tag: CzechInvest

  • CzechInvest: 143 transactions reported in the second quarter of 2020

    CzechInvest: 143 transactions reported in the second quarter of 2020

    In the Czech Republic, 143 transactions were reported in the second quarter of 2020, CzechInvest M&A Report shows.

    The largest number of mergers and acquisitions (41) occurred in the industrial products and services sector, followed by the real-estate sector with 39 transactions and the retail, consumer goods and entertainment sector with 19 deals concluded.

    The most important M&A activities in in the second quarter of 2020

    Significant activities on the Czech market include MVM Group’s acquisition of the Czech energy group Innogy from the German company E.ON.SE.

    The Brno-based holding company Solitea announced the largest merger on the Czech market so far this year, involving the consolidation of twenty-three companies in the Czech Republic and seven in Slovakia.

    C-Energy Planá acquired a majority stake in Teplárna Tábor. ČEZ Group is selling its share in the Israeli company CyberX. Czech Aircraft Group took control of the light sport aircraft manufacturer Czech Sport Aircraft.

    Agrofert is selling some of its bakeries that fall under PEK Group. Detailed information on selected mergers and acquisitions is available in the attached report.

  • 80% of Czech start-ups plan to expand abroad

    80% of Czech start-ups plan to expand abroad

    Nearly 80% of Czech start-ups plan to expand abroad, the most recent Startup Report from the Keiretsu Forum and CzechInvest’s experience show.

    Only 22% of Czech start-ups are not (yet) considering such an expansion.

    This is apparent from the responses of 150 start-up entrepreneurs who contributed to the formulation of the comprehensive Startup Report 2019/2020.

    A similar trend is indicated by statistics from CzechInvest, which has been focusing on support for start-ups since 2011. “More than 70% of the start-ups we have supported within our programmes have also travelled abroad with us,” says Markéta Přenosilová, head of CzechInvest’s Start-up and Innovative SME Division.

    For the absolute majority of Czech start-ups, the Czech Republic is the primary place of business. At the same time, however, there is a growing number of expanding start-ups – 30% of them are doing business outside of the Czech Republic. In the past, the percentage of start-ups operating beyond the CEE region was in single digits.

    According to the Startup Report, the largest number of start-ups head to Europe, then to North America or Asia.

    CzechInvest sent the most young innovative companies to Silicon Valley, New York, London and Lisbon.