July 30, 2021. ANY Security Printing Company PLC hereby informs the Shareholders that the sale transaction of the Company’s 50% stake in its Bulgarian subsidiary, DIRECT SERVICES o.o.d. has been completed.
The Bulgarian authorities have registered the change of ownership and the purchase price of EUR 2 million has been paid to ANY.
It was fortunate that the two companies’ plans coincided and, as a result of ANY’s expansion and to invigorate Kontrax’s strong position on the Bulgarian IT market, ANY set up a joint venture in 2005 under the name Direct Services o.o.d. with Power Solutions o.o.d.- a Kontrax subsidiary. Based in Sofia, the company is a representative office of the printing house selling its various card-based solutions, in addition it launched its own DM business and, as a third key activity, introduced ANY’s electronic archiving solution to the Bulgarian market. Since its establishment nearly two decades ago, Direct Services has grown into a major player in the Bulgarian market.
“It is a true teamwork behind the success we have achieved together with Direct Services in the Bulgarian market over the past 16 years. We look forward to working together as partners in the future and wish the new owners continued success! ANY’s long-term goal is to strengthen and continuously expand its market presence, thus increasing the Group’s profitability, and we see this as being ensured by opening up to new product lines, especially digitalization, which is developing at a tremendous pace. Our investments in futuristic innovative technological solutions will enable our growth in both domestic and export markets.” – added Gábor Zsámboki, CEO of ANY Security Printing Company PLC.