Family Holding Companies
Family Holdings #9 - Navigating a nervous market with a long-term focus
Asseco Poland
Family Holding Companies
Family Holdings #8 - The purchases and sales of the holdings
Deep Dives
Deep Dive - AI versus VMS: investors throwing the baby out with the bathwater
The market seems to have already passed its verdict, with artificial intelligence (AI) dealing the death blow to niche software. However, we believe that this fear is greatly exaggerated.
Deep Dives
Deep Dive - Boring software is now worth its weight in gold: our tips for 2026
In a world where AI is becoming increasingly widely available, the structural qualities of vertical software companies are becoming more apparent. In this article, we explain why.
Family Holding Companies
Family Holdings #49 - Asseco takes the first steps of the Topicus blueprint
Deep Dives
Deep Dive - Asseco as the architect of the next Polish growth era
We discuss three reasons why Asseco can grow into the digital champion of Central Europe.
Family Holding Companies
Family Holdings #40 - Asseco and Topicus create fireworks in Poland
This week's topics: Topicus has received the green light to increase its stake in the Polish IT giant Asseco Poland to 24.84%, ushering in a new era focused on long-term value creation. The strategic alliance introduces the disciplined capital allocation and operational expertise of Topicus and its parent company Constellation.
Family Holding Companies
Family holdings #34 - From good to excellent: the choice for Swedish excellence
This week's topics: We sold the position in Indutrade earlier this year to reinvest in the superior performing sector peers Addtech and Lifco, which score significantly better on profitability and return on invested capital. The AI revolution manifests itself in various ways: from the pragmatic, decentralized innovation at
Family Holding Companies
Family Holdings #33 - Addition of new VMS serial acquirer
This week's topics: Asseco Poland, a Polish software 'serial acquirer', offers latent potential through the recent entry of Topicus.com, which now has a controlling interest together with the founder. The implementation of the proven 'Constellation playbook' should drastically increase profitability, as successfully