Work on approving the prospectus of Transition Technologies MS has been suspended. The company was going to conduct a public offering of new issue shares and raise funds for acquisitions of companies from the sector.
A debut on the main market of the WSE was also planned in March 2022. The Polish Financial Supervision Authority informed about the suspension of work on the approval of the issue prospectus. Neither the Polish Financial Supervision Authority nor the company gave the reasons for the suspension of works. Thus, the public offering and debut planned for the first quarter of this year are delayed.
Transition Technologies MS belongs to the Transition Technologies Group – one of the largest entities in the IT industry in Poland. It is a provider of modern outsourcing and IT services for companies in the managed services model.
“TTMS implements the most modern and most desirable solutions of global IT leaders, including those related to digital transformation in the area of online sales and marketing, cloud computing and information security. As part of the provision of services to customers, the Company uses advanced solutions, including Salesforce platform, Adobe Experience Manager platform or Microsoft cloud solutions. ” – reports the company.