OANDA set to acquire Dom Maklerski TMS Brokers S.A.
The acquisition of TMS gives OANDA a significant presence in a key European market and a base to grow across the Baltic countries.
OANDA Global Corporation, a provider of online multi-asset trading services, currency data and analytics, today announces that it has entered into an agreement to acquire 100% of the shares of Polish broker, Dom Maklerski TMS Brokers S.A. The deal is subject to regulatory approval.
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.
Gavin Bambury, CEO of OANDA, said, “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.”
Marcin Niewiadomski, CEO of TMS, said, “We are delighted to become a part of such a strong group with a solid capital base and worldwide presence. We believe that through this transaction, TMS will strengthen its position in Poland and the Baltic States, delivering access to new products, modern technology and investment opportunities on the global markets to our current and prospective clients.”
OANDA says TMS is the first in a number of strategic acquisitions it is looking to complete over the next two years.