just now
March 30, 2021 - OANDA has completed its acquisition of the oldest Polish multi-asset broker Dom Maklerski TMS Brokers SA (TMS), with the purchase approved by the Polish Financial Supervision Authority last week. OANDA's logo is now visible on the TMS website.
Gavin Bambury, Chief Executive Officer of OANDA, said, "The TMS acquisition marks the start of an exciting new era of growth for OANDA, creating scale in the Polish market while allowing us to further extend our footprint throughout the Baltics and Eastern Europe. In addition, the purchase will also enable us to strengthen our end-to-end offering, benefiting clients all over the world. We're very much looking forward to welcoming the TMS team to OANDA."
TMS CEO, Marcin Niewiadomski, commented, "Backed by a world-class brand and a legacy of integrity, OANDA has long combined a passion for innovation with ground-breaking technology in order to deliver an exemplary online trading experience for clients all over the world. As such, we're delighted to be joining the OANDA family at such an exciting time in the firm's 25-year history."
"I am convinced that TMS, with its strong position in Poland and a deep product and service offering, will fit perfectly well in the global technology-driven OANDA Group and wish the management of OANDA and TMS all the best in their common growth journey," said Artur Haze, Managing Partner of ForeVest Capital.
The TMS acquisition represents OANDA's second investment in Poland in the last year. In early 2020, the firm established a shared services centre in Kraków that currently employs almost 100 people.
Bambury continued, "Part of an ambitious growth plan, the TMS deal is just the first in a number of strategic acquisitions we're looking to complete as we continue to strengthen our reputation as one of the world's most trusted retail trading firms in the coming years."
