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News
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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TTMS with NCBR Framework Contract for IT Systems
The consortium offer of Transition Technologies MS and Transition Technologies-Software turned out to be one of the most advantageous in the National Centre for Research and Development (NCBR) tender, related to the procurement of support for IT systems. The framework agreement signed on this basis entitles TTMS to submit bids in response to the contracting authority’s invitations. The implementation orders will cover services related to the implementation, maintenance, development, and support of IT systems that support the functioning of NCBR. After evaluating each bid, the contracting authority will sign an implementation agreement with the contractor who presents the most favorable offer. The NCBR, in the framework agreement, has outlined tasks requiring significantly diversified IT competencies – such as creating IT system architectures, managing IT projects, and automation, as well as machine learning, cloud solutions, and big data. “We were able to meet such a broad scope of the tender thanks to the unique experience our TTMS team has gained in long-term projects for highly demanding sectors, such as the pharmaceutical and defense industries, and for industry, said Sebastian Sokołowski, CEO of TTMS. The framework agreement with NCBR has been concluded for a period of 36 months or until the financial limit of the contract is exhausted. The maximum value of orders that may be awarded to TTMS is PLN 15.6 million.
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TTMS India – our first year in Bengaluru
Our Global Delivery Center, TTMS India, was established in July 2023. This means that we have just completed the first year of operations at our Bengaluru branch, known as the “Silicon Valley” of India. We have served entities in the sectors of: IT Pharma FMCG Public utilities In its first year of operations, TTMS India has executed projects in the areas of application development, analytics, data (data migrations, database services, data integration), and consulting.
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