AROBS launches AROBS Polska, following the completion of the transaction with SYDERAL

Autor: Financial Market
2 min

AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, launches AROBS Polska following the successful acquisition of a 94% majority stake in SYDERAL Polska.

AROBS Polska has a team of over 30 specialists in developing products and technologies for satellite applications for quantum and optical communication, data storage and processing, satellite mechanisms, and instrument control.

Integrating SYDERAL Polska business and community-wise, within the group, and launching it under the name of AROBS Polska is a significant step in our medium and long-term development strategy.

We are focused on investing in our Polish company and growing AROBS Polska towards becoming one of the most representative aerospace technology companies in Poland and, along with AROBS Engineering, establishing AROBS as a partner of choice for the entire European space industry and beyond.

For a technology group like AROBS, innovation is essential for success. By integrating new companies and areas of expertise, we continuously improve our services and solutions for clients and to better respond to the market’s ever-changing needs,” stated Voicu Oprean, founder and CEO of AROBS.

AROBS Polska will continue working on projects and products for the European Space Agency (ESA) and commercial space markets.

Furthermore, integration into the AROBS group brings new opportunities for the Polish company to participate in more complex projects on the aerospace, automotive and embedded systems market, along with AROBS Engineering, which is also highly specialized in aerospace, marine, embedded for medical devices and for consumer electronics.

Joining the AROBS Group was the most important step for SYDERAL Polska since the launch of our company. We have gained a strong partner, ready to support our company’s current vision and create new opportunities for us thanks to the synergies with AROBS Engineering.

Changing the name to AROBS Polska is a natural step that contributes to strengthening the image of the entire AROBS brand in the space technology market.

From our company perspective, it is an important signal to current and future partners that AROBS Polska is part of a large and stable technology-focused group, whose key to success was building trust and long-term cooperation with business„, stated Michal Drogosz, CEO of AROBS Polska.

In February of this year, AROBS announced the signing of the transaction to acquire the majority stake in SYDERAL Polska, a strategic move for the Romanian technology company, on the one hand by entering a new market, and on the other hand, by consolidating the business expertise in aerospace technology. Now named AROBS Polska, it will continue to be managed by Michal Drogosz, the current CEO, who is also a company shareholder with a 6% stake.

AROBS Transilvania Software has been listed on the AeRO market of the Bucharest Stock Exchange since December 6, 2021. The company currently has a market capitalization of approximately 837 million lei.