Toronto-based multi-asset broker OANDA Global Corporation has just announced plans to acquire Poland-based multi-asset class broker Dom Maklerski TMS Brokers S.A. (‘TMS’). The agreement includes a 100% share purchase of the polish company and is subject to regulatory approval in Canada and Poland.
TMS is a leading broker in the Polish FX and CFD market, according to the companies’ press release and TMS has earned a strong reputation for product innovation and client service since it was first established more than 20 years ago. The business is regulated by the Polish Financial Supervision Authority (KNF), giving TMS access to markets in the European Union.
Given the comments by OANDA’s CEO, Gavin Bambury, the canadian broker will use this opportunity to expand in the Baltic region and Eastern Europe: “we are delighted with the deal and I’d like to personally welcome all the TMS team to OANDA. Europe remains a key strategic priority for our business. The acquisition of TMS gives OANDA a significant presence in a key European market and a base to grow across the Baltic countries, complementing our already well-established, successful operations throughout Western Europe.”
In addition, OANDA has signalled that their acquisition efforts may continue, with the company stating that “TMS is the first in a number of strategic acquisitions OANDA is looking to complete over the next two years. Under Bambury’s leadership, the firm has undergone a transformative change in its operational configuration, widening its product offering and increasing its marketing investment in order to drive scalable, sustainable growth.”
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