Author: Martina Martinovičová
Source: Ekonóm, 6.8.2009, č. 31, str. 25

SECTION: TELECOMMUNICATIONS

The Brno based telecommunications company GiTy, owned by husband and wife Valentin Girstl and Olga Girstlová and the shareholder of Arca Capital Bohemia, Pavol Krúpa, was bought by the company JVS Group. Up until now, this company has mainly been active on the media market.
The price that JVS paid for overtaking GiTy was not disclosed.
“One of the main reasons for this step is the strengthening of financial stability and the vision of JVS to develop a modern competitive portfolio of solutions and services at GiTy,” stated Markéta Feniková, the marketing manager of JVS.
Not only will there be an expansion of the services offering, but there will also be new services that GiTy has not yet been able to offer by itself.
The company GiTy has been synonymous with the Girstl name for a period of nineteen years and is also active in Slovakia and Romania. It is focused mainly on the operation of communications networks for the transmission of data, voice and video and on the protection of data.
It claims that it builds and operates custom tailored computer and communications networks and respects customers’ individual requirements.
In 2007 GiTy had a loss of 130.4 million crowns. One year earlier the loss was only 4.1 million. Revenues for the sale of own products and services reached 616.7 million crowns in the year before last, which represented a year-on-year decline by 30 percent. The company has not yet published the results for last year.
The current owners will remain on the company’s Supervisory Board until the end of September. They are not leaving the business world, but they have both decided to change fields.
Valentin Girstl will become the General Manager of the company VÚVL, a manufacturer of machine parts. Olga Girstlová, who, among other things, received the Top Business Woman of the World award in Monaco in 1999 as the first Czech woman, will continue with her business activities in the position of executive at the company Flexibuild. This company is engaged in the production of building plates and the construction of economical and ecological houses out of recycled materials.