The state-run think tank noted the actual investment scale was likely higher, as 30 out of 45 disclosed deals did not include transaction values.
Among the largest 2025 acquisitions were Benefit Systems’ purchase of Turkey’s Mars Spor Kulübü, Wirtualna Polska’s acquisition of Invia Group, Trans Polonia’s deal with Nijman/Zeetank, and Enea Nowa Energia’s wind farm buyout from Denmark’s European Energy.
“These transactions confirm that Polish companies expanded more boldly into foreign markets last year,” the institute said.
Of the 45 cross-border acquisitions, 34 were made in Europe, with the highest number in Germany (9), followed by the United States (6), and three each in the Czech Republic and Romania.
The institute said this geographic structure reflected a strong concentration of Polish capital expansion in Europe, where acquisitions provide quick access to customer bases, sales channels, and organizational know-how.
In addition to acquisitions, Polish firms announced 48 greenfield investments abroad in 2025, totaling USD 5.56 billion—potentially a record if completed. Nearly 90% were in renewable energy, driven by Hynfra’s USD 4 billion green hydrogen and ammonia hub project in India’s Andhra Pradesh.
Greenfield ventures, the institute noted, are often riskier and slower to generate revenue, making them less attractive for many Polish firms compared to acquisitions.
(jh)
Source: PAP