TTMS hopes that in 2023 it will be able to return to preparations for the stock exchange debut

Transition Technologies MS hopes that next year it will be able to return to preparations for the stock exchange debut, said Sebastian Sokołowski, CEO of TT MS.

“The three quarters of this year saw a significant increase in sales of services (compared to the previous year) while maintaining a very good profitability of the company. We are consistently building a large, international organization thanks to the strategy of organic growth and selective acquisitions on foreign markets. Later this year, we plan to carry out a transaction to purchase the majority package of an IT service provider in the APAC region. We monitor the situation on financial markets and the sentiment of investors on the WSE. I hope that next year we will be able to return to the preparations for the stock exchange debut, ”said Sokołowski, quoted in the press release.

The global level of sales of the entire Transition Technologies capital group after three quarters reached over PLN 520 million (an increase by 50% y / y) with EBITDA of approx. PLN 60 million. The group expects that 2022 will be record-breaking in terms of turnover and will allow sales to exceed PLN 700 million in the group, the information stated.

The Transition Technologies Group focuses on the most modern IT solutions for industry, medicine and energy, and provides modern software production services (managed services). Present in the industrial automation sector, it is also increasingly developing the area of ​​robotics for industry.

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