Qumak S.A. (WSE:QMK) signed a letter of intent to acquire it Works S.A. from EUVIC Sp. z o.o. for PLN 220 million on December 5, 2017. The purchase consideration will be in the form of Qumak's series N shares. The deal is expected to close by March 31, 2018. Qumak S.A. (WSE:QMK) completed the acquisition of it Works S.A. from EUVIC Sp. z o.o. on September 4, 2018. The transaction has been approved by Office of Competition and Consumer Protection.