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Fund services news

ZEDRA expands presence with Poland acquisition


11 February 2020 London
Reporter: Becky Bellamy

Generic business image for news article
Image: Shutterstock
ZEDRA is set to acquire Awans Corporate Services, a corporate services specialist in Poland.

Awans offers traditional corporate services, including incorporation services, cash management and business advisory.

Once the deal is complete, Awans Corporate Services will be renamed ZEDRA Poland.

In addition, Piotr Augustyniak, founder of Awans Corporate Services, will become ZEDRA’s head of central Europe.

Ivo Hemelraad, CEO of ZEDRA, said: “This latest deal will mark our first move into the vibrant and fast-growing Central European markets. With a population of nearly 38 million, together with a strong tradition for business startups and growth, we see Poland as a dynamic and important new market for ZEDRA. I am looking forward to welcoming the staff and clients of Awans Corporate Services to ZEDRA.”

Bartek Bielski, managing director of Awans Corporate Services, added: The opportunity to become part of ZEDRA, with its proactive and positive ‘do more, achieve more’ approach, and getting access to its international network of professionals is one which we found compelling and certainly in the best interest of our staff and clients.”

This acquisition follows on from deals in Singapore, the Isle of Man, Switzerland, and Nordic markets signed and announced in 2019.
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