IT companies Metinvest Digital and Modus X, part of Rinat Akhmetov’s System Capital Management, held several rounds of merger talks this year, but ultimately abandoned the move.
IT companies Metinvest Digital and Modus X, part of Rinat Akhmetov’s System Capital Management, held several rounds of merger talks this year, but ultimately abandoned the move.
This was reported to Forbes by Metinvest Digital CEO Serhiy Detyuk.
«A year ago, I voiced this idea again. We started working on how to implement it,» Detyuk noted, adding that although a lot of effort was put into the preparation, the idea was never accepted for implementation.
According to Detyuk, the goal of the potential merger with Modus X was to avoid duplication of IT team functions, but obstacles arose along the way.
«One of the big obstacles is legal,» he added, without revealing the details that prevented the merger.
At the same time, Metinvest Digital CEO Serhiy Detyuk does not rule out the merger of SCM’s IT assets in the future.
Recall that the possible merger of Metinvest Digital and Modus X was first reported by dev.ua, citing three sources, in February 2025.
