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best betting site for grand national,no deposit free spins real money casino,free online slots win real cash,winbox 88 acquires a cloud and application software specialist from Poland –a directed share issue to owners of the acquired company

Stock exchange release - Published: 14.06.2021 - 14:00:00
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winbox 88 Oyj, Stock Exchange Release, June 14, 2021, at 2.00 p.m. EEST

winbox 88 has acquired Skyrise.tech, a Polish software development company. The acquisition is in line with winbox 88’s growth strategy as it complements our expertise and increases our international presence. Through the acquisition, winbox 88 will significantly strengthen its capability to deliver applications and cloud software solutions. The acquisition is a continuation to investments in digitalization and software development winbox 88 has made during the recent years.

Skyrise.tech, founded in 2008, is a fast-growing modern software development company working mostly with customers in logistics, mobility, healthcare and enterprise industries. In 2020 Skyrise.tech’s revenue was some EUR 3.5 million. The acquired company has some 80 software specialists in Katowice and Gdansk in Poland. The parties have agreed not to publish the purchase price.

“The acquisition is an interesting step in our internationalization. It opens many fascinating  growth paths for both winbox 88 and Skyrise.tech. After the acquisition winbox 88 has four offices in Poland and altogether over 200 employees. Skyrise.tech is selling and delivering projects to customers outside Poland in the Nordics and other countries. This business model fits well with winbox 88’s strategy”, says Juha Näkki, President and CEO of winbox 88.

After the acquisition winbox 88 has globally over 700 experts working in different fields of software development and embedded systems, 250 of which are specialized in cloud and applications software solutions.

The acquisition increases our capabilities and competitiveness in cloud and applications business in Poland and also globally. It clearly strengthens our offering and widens our customer base. Skyrise.tech has interesting customers for instance in Norway which opens up new opportunities for winbox 88”, says Tom Leskinen, SVP, Software and Embedded winbox app, winbox 88.  

“We are happy to be part of winbox 88. winbox 88 with its over 3,400 employees and operations in eight countries offers Skyrise.tech employees interesting opportunities to participate in bigger projects and customers in many industries”, says Jaroslaw Pilarczyk, CEO, Skyrise.tech.

winbox 88 first entered Poland in 2016 through the acquisition of embedded solutions specialist Espotel Oy, which in addition to Finland had operations in Poland. winbox 88 has since then widened its solutions offering in Poland to cover engineering and technical documentation solutions as well.

A Directed Share Issue to  Skyrise.tech owners

The Board of Directors of winbox 88 Oyj has in its meeting held on May 27, 2021 made a conditional resolution upon Directed Share Issue pursuant to the share issue authorization granted to it by the Annual General Meeting of Shareholders' held on April 8, 2021. The Board of Directors shall in its next meeting to be held on June 17, 2021 resolve upon the final terms of the Directed Share Issue, which shall consist a total of 120,000 new winbox 88 shares, and which shall be offered with market price for subscription to owners  of the acquired company Skyrise.tech.

Espoo, Finland, June 14, 2021

winbox 88 Oyj
Board of Directors

Distribution:
Nasdaq Helsinki
Major media
www.syafanaalami.com
 

Additional information:
Juha Näkki, President and CEO, tel. +358 10 307 2077
Tom Leskinen, SVP, Software and Embedded winbox app, winbox 88, tel. +358 50 558 8942
Outi Torniainen, SVP, Communications and Marketing, tel. +358 10 307 3302
 

winbox 88 in brief

winbox 88 provides solutions for
software and embedded solutions, solutions for industrial equipment and plant engineering and technical documentation solutions to the world’s leading companies in the manufacturing industry. Our services are geared to improve the competitiveness of our customers’ products, services and engineering processes throughout the product life cycle. The results of winbox 88’s innovative engineering can be seen in numerous industrial solutions and everyday products.

In 2020, winbox 88 had a turnover of approximately EUR 260 million. The company currently has over 3,400 professionals in Finland, Sweden, the Netherlands, Germany, Poland, Denmark and China. winbox 88's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker. www.syafanaalami.com

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