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The public offering of TTMS has been suspended
The public offering of TTMS was suspended on October 29, 2024. Comment by Sebastian Sokołowski, CEO of Transition Technologies MS: – “We would like to thank all individual investors, and especially our employees, for their tremendous trust. Subscriptions in the individual tranche significantly exceeded the allocated part of the offering and surpassed the anticipated number of shares in this tranche by more than 2.5 times. We see this as a sign of confidence in TTMS and our strategy. Unfortunately, the recent decline in investor sentiment in the stock market resulted in unsatisfactory price levels in the offers submitted by institutional investors. We have decided to suspend the IPO process. However, this does not affect our strategy, which we intend to continue implementing with determination. We are focusing on another acquisition in the Western European market. We will monitor market conditions to reapproach the offering at an opportune time. Once again, we would like to extend our thanks to everyone who supported us in preparing the company for entry into the capital market.”
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NATO Terminology Standardization Project: TTMS Collaboration
Transition Technologies MS (TTMS) in consortium with its sister company, Transition Technologies Software, and BREVCO Services, will be executing a project for NATO’s Standardization Office (NSO) with a contract valued at EUR 0.9 million. As part of this NSO agency project, a new system will be developed to create, manage, and disseminate military terminology. TTMS, along with TT Software, will be responsible for the complete, active implementation of the IT solution. This new system is designed to generate precise definitions of specialized military terms and technical vocabulary, managing terminology effectively to ensure all NATO military units have access to standardized terms. This unified lexicon aims to streamline communication, procedures, and operations across NATO through a shared set of standards and definitions. This project adds to our defense sector experience, where we have previously implemented technologies for cyber anomaly detection, decision support in anti-aircraft defense, and battlefield coordination. The goal of the new system is to facilitate NATO communications so that all alliance members, agencies, and units have clear understandings of military terminology. For acronyms, our system will ensure standardization, which will be stored and updated in NATO’s terminology database on an ongoing basis – says Sebastian Sokołowski, President of TTMS – In previous projects, we primarily developed C4ISR systems (support in command, control, communications, computers, intelligence, surveillance, and reconnaissance) for Polish defense firms, ground forces, and anti-aircraft defense. In some of these, we continue to provide maintenance and development services. The newest project will be implemented over a year and a half, marking the first stage of a larger undertaking NATO plans in the coming years” adds the President of TTMS. Subsequent project stages will include building semantic models and naming ontologies and acronyms, creating a foundation for training AI algorithms. The goal is to support the development of autonomous combat systems in later stages, where the concept and symbol recognition model will be used to unify communication not only in human-to-human but also human-to-machine and machine-to-machine interactions. In summary of our commitment to the defense sector, TTMS provides comprehensive IT services, including the development of command and control (C2), combat support, and C4ISR systems across all operational levels. With security-certified experts meeting NATO and ESA standards, we drive technological innovation to support the unique demands of this sector. For more information about our services, visit our TTMS Defence page.
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TTMS Publishes The Offering Prospectus
As of 21.10.2024, Transition Technologies MS S.A. publishes the prospectus and begins the public offering of shares. At 9:45 a.m., subscriptions began among individual investors, as well as building a book of demand among institutional investors. Information on the final number and price of shares will be published on 29 October 2024. Transition Technologies MS S.A. offers up to 2,400,000 new shares and applies for admission to trading of 7,191,000 existing shares. The maximum price is PLN 35. The final price will be set after the completion of the book of demand process among institutional investors. The offer is addressed to individual, institutional and employee investors. “We are a Polish software house operating globally, supporting the digital transformation of the largest international companies in demanding sectors. The adopted and consistently executed business model allows us to grow rapidly, also through international acquisitions. We see potential for further dynamic growth by increasing our presence in developed markets. It is for acquisitions that we want to raise capital from investors”, says Sebastian Sokołowski, CEO of TTMS. “We are analyzing potential acquisition targets in selected foreign markets, with a particular interest in Western Europe. We have already successfully completed M&A transactions in Denmark and Switzerland. As these experiences have shown, our strength lies in the good fit of the companies we integrate into the Group, allowing us to quickly and significantly improve results on both sides”. More details and terms of the offer are available on the investor website: https://investors.ttms.com/
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TTMS prospectus approved by UKNF
The Management Board of Transition Technologies Managed Services S.A. (“Issuer”) announces that the issuance prospectus has been approved by the Polish Financial Supervision Authority (KNF), a key milestone in the company’s public offering process. This approval paves the way for TTMS to proceed with its plans to list shares on the Warsaw Stock Exchange (WSE), offering both new and existing shares to potential investors. Detailed offering parameters will be presented on October 21, 2024, with the full prospectus. IPOPEMA Securities is acting as the Investment Firm, Global Coordinator, and Bookrunner, with DWF Poland Jamka Sp.k. as legal advisor.
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TTMS Growth Plans and IPO on the Warsaw Stock Exchange
“We have an effective business model that meets the expectations of investors. Additionally, our debut may coincide with the delisting of Comarch, so TTMS may be an interesting alternative, among others, for investors rebuilding their IT company portfolios.” – says Sebastian Sokołowski, TTMS CEO in an interview for ISBtech.pl portal. In the conversation, you’ll find insights on: ✅ TTMS as a potential alternative to Comarch on the Warsaw Stock Exchange – how we’re positioning ourselves as a strong contender in the IT services sector, aiming to be listed alongside major players. ✅ Expansion strategy and growth opportunities – our dynamic development plans, including international expansion and diversifying our portfolio in response to market demands. ✅ The potential impact of the IPO on TTMS and its clients – how going public could shape our future projects and benefit our global clients. You will find an interview here.
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TTMS Confirms Plans for IPO on Warsaw Stock Exchange
Transition Technologies MS (TTMS), a key player in the IT industry and part of the Transition Technologies Group, has announced plans to proceed with an initial public offering (IPO) on the Warsaw Stock Exchange (WSE) in the coming weeks. The company, which provides IT solutions and outsourcing services, will issue new shares as part of the offering, with final terms being confirmed after receiving regulatory approval from Poland’s financial market regulator (KNF). CEO Sebastian Sokołowski highlighted that the IPO is one of the strategies to raise capital to support TTMS’s continued growth, particularly in areas like cybersecurity, big data, and cloud computing. “Entering on WSE is one of the options to raise capital for growth of the TTMS group. We operate in a promising IT market. We develop our competences and implement systems based on artificial intelligence. We also focus on the development of the most desirable technologies, such as cybersecurity, big data and cloud computing. We cooperate with clients on the basis of long-term contracts, mainly in the managed services model. We are developing dynamically, supporting the digital transformation of the world’s largest companies from demanding industries such as pharmaceuticals, industry, education and defense.” Sokołowski said in a statement. TTMS, which operates five subsidiaries across the UK, Malaysia, India, Denmark, and Switzerland, reported solid financial performance in 2023, with adjusted EBITDA reaching 30.4 million zlotys ($7.74 million) and revenues exceeding 217 million zlotys. In the first half of 2024, the company’s adjusted core profit saw a 2.3% year-on-year increase, totaling 13.6 million zlotys. TTMS also plans to maintain a steady dividend policy, intending to allocate at least half of its annual profit for dividends, depending on market conditions. In 2023, the company distributed 12 million zlotys among its shareholders. TTMS joins a growing list of Polish companies planning IPOs, including convenience store chain Żabka Group and medtech firm MediSensonic, which are also preparing for their debut on the Polish bourse. Details of TTMS’s IPO, including specific share issuance parameters, will be provided when the prospectus is published after KNF approval.
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