Escher Group, a technology company specializing in providing software solutions for postal operators and logistics companies, is seeking to return to the London stock market. The company, which was previously listed on the London Stock Exchange, is looking to make a comeback after delisting in 2017.
Escher Group’s History
Escher Group was founded in 1989 and has since established itself as a leading provider of innovative software solutions for the postal and logistics industry. The company’s technology enables postal operators and logistics companies to streamline their operations, enhance customer experience, and drive revenue growth.
In 2012, Escher Group went public and was listed on the London Stock Exchange. The company experienced steady growth and expanded its client base globally. However, in 2017, Escher Group decided to delist from the stock exchange due to strategic reasons.
Reasons for Return
Now, Escher Group is looking to return to the London stock market in order to access capital for further expansion and growth. The company sees this move as an opportunity to raise funds for research and development, as well as to strengthen its market position.
In a statement, Escher Group’s CEO highlighted the company’s strong performance and growth potential, stating that the decision to relist on the London stock market is a strategic one aimed at maximizing shareholder value and driving long-term success.
Market Outlook
The postal and logistics industry is undergoing significant transformation, driven by technological advancements and changing consumer preferences. As e-commerce continues to grow, postal operators and logistics companies are looking for innovative solutions to optimize their operations and meet the evolving needs of their customers.
Escher Group’s software solutions are well-positioned to address these challenges and help postal operators and logistics companies adapt to the changing landscape. By returning to the London stock market, Escher Group aims to capitalize on the growing demand for its technology and drive further innovation in the industry.
With the global e-commerce market expected to reach $5.4 trillion by 2022, the potential for growth in the postal and logistics sector is significant. Escher Group’s decision to return to the London stock market reflects its confidence in the industry’s future prospects and its commitment to delivering value to its shareholders.
In conclusion, Escher Group’s plan to relist on the London stock market signals a new chapter in the company’s growth story. With its innovative technology and strong market position, Escher Group is well-positioned to capitalize on the opportunities in the postal and logistics industry and drive value for its shareholders.