Cyber_Folks and Shoper Merge to Form E-Commerce Group

On May 21, the Polish IT companies cyber_Folks and Shoper announced their plans to merge, thereby strengthening their position as a leading provider of e-commerce technologies in Central and Eastern Europe. The market capitalization of the merged company is estimated at around 1 billion euros.

With the merger, the companies aim to simplify their corporate structure and thereby become more attractive to international investors.

“Following discussions with our investors, we have decided to merge Shoper and cyber_Folks. We are simplifying the corporate structure, which was at times too complex, particularly from the perspective of foreign investors. This will create a larger company with higher market capitalization, a larger free float, and significantly higher stock liquidity, which should increase interest from global technology funds and institutional investors,” explained Jakub Dwernicki, CEO of cyber_Folks and Shoper, according to a press release.

He added: “The synergies from expertise, technology, and scale will enable us to more quickly establish ourselves as a European leader in e-commerce technology and become more competitive internationally.”

Simplification of the Group Structure

Cyber_Folks, a mid-cap company listed on the Warsaw Stock Exchange, currently holds a 49.9% stake in Shoper, which is also publicly traded. Cyber_Folks’ market capitalization stands at PLN 3.04 billion (€717 million), while Shoper’s is PLN 1.24 billion (€292 million).

According to the companies, the merger is expected to significantly increase international visibility and attract new institutional investors.

The merger will be effected through the transfer of all of Shoper’s assets to cyber_Folks. At the same time, cyber_Folks’ share capital will be increased through the issuance of new shares to be distributed to Shoper’s shareholders.

Shoper shareholders will receive new shares at a ratio of 0.2281 to 1. This means that each Shoper share will be exchanged for 0.2281 shares of cyber_Folks.

Focus on AI and E-Commerce Technologies

The merged company plans to build a comprehensive technology ecosystem for the European e-commerce market. This includes sales platforms, payment processing, logistics, communication, automation, and AI solutions to support the entire online sales process.

The companies view the merger as an important step toward further expansion in the European market and strengthening their competitiveness in the international technology sector.