Calesco was established in 1991. The company assembles, maintains and repairs boiler rooms owned by companies, institutions and individuals. It is an authorized service provider of many well-known brands.

The company participated in assembling and starting-up an incinerator at the teaching hospital of the Pomeranian Medical University. Calesco has also carried out work in the Bridgestone tyre plant in Stargard Szczeciński, the Bioetanol plant in Ińsko, the Pomorzany sewage treatment plant in Szczecin and Zink Power, a galvanizing plant in Szczecin. The company is also an energy auditor.

The company’s development strategy assumed improvement of the market position, opening a branch in Poznań and providing the branch in Toruń with extra equipment, developing a network of servicing centres and investing in real property in Szczecin.

“At present, we have concluded 150 service agreements. We have approx. 30% share in the servicing market in the region and we believe that we are able to increase the share to 50%,” says Krzysztof Dokowski, Chairman of the Management Board of Calesco SA.

The Company is planning to purchase a plot and construct an office building and a cold store in Dunikowo. The complex is to be powered by a modern cogeneration unit (powered by gas, enabling simultaneous production of power and heat which may then be exchanged to cold) and will serve as a model. The company intends to present it to prospective clients interested in such solutions. The investment will be located near the planned approach road (from Szczecin) to the S3 expressway leading to Goleniów. The buildings are to be the beginning of an industrial part - Calesco counts to win lessees for the office and cooling space willing to build new plants in the area.

Currently, the company is seeking buyers for 1.5 million of shares. New shares will constitute max. 37.5% of the share capital and will give 23% of votes at the shareholders’ meeting. The issue will take the form of a private placement, which means that the offer for sale of shares will be addressed to 99 entities.

Tomasz Gabryel, a senior consultant at Doradztwo Ekonomiczne Dariusz Zarzecki, which manages the float of Calesco, says that the company may debut in December.

mab