National Court Register Registers the Merger of Trakcja and PRKiI

On 19 December 2013, the entity Trakcja PRKiI Spółka Akcyjna was registered in the National Court Register (KRS). Two companies specialising in railway network modernisation, the construction of engineering structures and power networks formed a single entity.

The merger of Trakcja S.A. with the acquired company – Przedsiębiorstwo Robót Kolejowych i Inżynieryjnych S.A. – took place by transferring all the assets of the acquired company to the acquiring company, i.e. by merger through acquisition within the meaning of Article 492 § 1 point 1 of the Commercial Companies Code (Kodeks Spółek Handlowych).

The decision on the merger and reorganisation was taken in order to improve the management of Trakcja Group and eliminate a significant part of redundant processes, which will at the same time make it possible to reduce operating costs and increase management efficiency. The merger of the companies will also bring financial savings in the administrative and organisational area as a result of reducing the number of management and supervisory bodies within Trakcja Group. In the long term, the aim of the merger is to improve the coordination of operating activities and to unify business processes.

The merger of the companies will allow Trakcja Capital Group to achieve a favourable operating model sooner, both financially and organisationally. Possible further actions aimed at simplifying the organisational structure of Trakcja Group may follow at a later date.