22nd Aug 2024 13:51
(Alliance News) - Escher Group Holdings Ltd plans to return to the London Stock Exchange, Sky News reported Thursday.
The Dublin-based software development company focused on e-commerce delivery is set for a potential flotation later this year, with a 2025 listing viewed as more likely.
https://news.sky.com/story/former-post-office-software-supplier-plots-london-stock-market-return-13201080
The company, which supplies software to post offices globally, used to be listed on London's AIM market. It was taken private in 2018 by London-based Hanover Investors amid a deal valued at around GBP35 million.
A spokeswoman for Escher said the company was not currently a supplier to the UK Post Office, but said the US postal service was a current customer.
She did not comment on the timing or details of a flotation.
By Tom Budszus, Alliance News slot editor
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