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Ігор Вишневський That's Life
29 October 2025, 10:12
2025-10-29
SCM Holding has abandoned the merger of its IT companies Modus X and Metinvest Digital. What is behind this decision?
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.
«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.