Topicus.com's subsidiary TSS Europe B.V. (“TSS”) submits public tender offer to acquire Sygnity S.A.
March 22 2022 - 8:08AM
Topicus.com Inc. (TSXV: TOI) today announced its intention to
submit a public tender offer for the entire issued share capital of
Sygnity S.A., a software company listed on the Warsaw Stock
Exchange (WSE: SGN) at a price of PLN 12.00 per ordinary share. The
anticipated acquisition is subject to customary closing conditions,
including operational control of the business by TSS, and is
expected to be completed in Q2 2022.
Sygnity S.A. is a well-established vertical
market solution provider in Poland, focusing on banking, finance
and insurance, energy, utilities, industry, local and central
administration. Sygnity offers dedicated solutions to each of its
markets; all focused on automating mission-critical processes of
the target audience. The company had net revenue of PLN 183m in
2021 and has over 850 employees.
About Topicus.com
Topicus.com is a leading pan-European provider
of vertical market software and vertical market platforms to
clients in public and private sector markets. Operating and
investing in countries and markets across Europe with long-term
growth potential, Topicus.com acquires, builds and manages leading
software companies providing specialized, mission-critical and
high-impact software solutions that address the particular needs of
customers.
Forward Looking Statements
Certain statements herein may be “forward
looking” statements that involve known and unknown risks,
uncertainties and other factors that may cause the actual events to
be materially different from any future events expressed or implied
by such forward -looking statements. Words such as “may”, “will”,
“expect”, “believe”, “plan”, “intention”, “should”, “anticipate”
and other similar terminology are intended to identify forward
looking statements. Such forward looking statements involve
significant risks and uncertainties, should not be read as
guarantees of future results, and will not necessarily be accurate
indications of whether or not such results will be achieved, or
when such results will be achieved. These forward looking
statements reflect current assumptions and expectations regarding
future events and are made as of the date hereof and Topicus
assumes no obligation, except as required by law, to update any
forward looking statements to reflect new events or
circumstances.
For further information, contact:
Topicus.com Inc.Jamal Baksh, Chief Financial OfficerTel: (416)
861-9677
Topicus Com (TSXV:TOI)
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