DistantNews
Support us
Staunch defender of Swiss and European digital sovereignty, Infomaniak plans to go public
๐Ÿ‡จ๐Ÿ‡ญ Switzerland /Technology

Staunch defender of Swiss and European digital sovereignty, Infomaniak plans to go public

From Le Temps · () French

Translated from French, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Swiss cloud computing company Infomaniak plans to go public through a reverse merger with Perrot Duval Holding.
  • The move aims to create a sustainable European alternative to major tech giants.
  • Shareholder approval and regulatory authorizations are pending.

Infomaniak, a Geneva-based cloud computing specialist, has announced its intention to be listed on the Swiss stock exchange. The company plans to achieve this through a reverse merger with Perrot Duval Holding, a Swiss entity listed since 1905. This strategic move is designed to provide Infomaniak with the resources needed to establish a robust European alternative to the dominant global players in the tech sector.

Boris Siegenthaler, co-founder of Infomaniak, expressed that this step will empower the company to "build a sustainable European alternative to the giants of the sector." The operation is contingent upon the approval of Perrot Duval's shareholders at a meeting scheduled for September 24, as well as obtaining the necessary authorizations from stock market authorities. If successful, Perrot Duval Holding will be renamed Infomaniak.

The company, known for its commitment to digital sovereignty for Switzerland and Europe, positions itself as a counterpoint to large international tech corporations. By going public, Infomaniak aims to secure capital for further expansion and development, reinforcing its presence in the European market.

This announcement marks a significant development for Infomaniak, which has been a prominent player in the on-demand IT services sector. The planned stock market entry signifies the company's ambition to scale its operations and compete more effectively on an international level, while maintaining its focus on European digital independence.

This step will give us the means to build a sustainable European alternative to the giants of the sector.

โ€” Boris SiegenthalerExplaining the strategic goal behind Infomaniak's planned stock market listing.
DistantNews Editorial

Originally published by Le Temps in French. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.