New step in the international growth strategy of Virtualware. The Basque provider of extended reality technologies and business solutions with real-time 3D technology, which has been listed on the Paris Stock Exchange for a year and a half, is preparing its escalation on the French stock market from Euronext Access to Euronext Growth for the first half of next 2025. This was confirmed by Unai Extremo, CEO of the Basque technology firm, during his participation in a financial forum organized by LKS Next in Bilbao.
Virtualware continues to support its international growth, thanks to the decision it made a year and a half ago to begin its listing on the Paris Stock Exchange. With its presence on ‘Euronext Access’, the first segment of the pan-European stock exchange that brings together the trading floors of Paris, Amsterdam, Brussels, Oslo, Milan and Dublin, the Basque company has gained visibility in the international market technological. In addition, it has achieved resources to address its international growth.
Thanks to this, Virtualware acquired the Swedish company a month ago Simumatik AB for 1.37 million of euros. The objective of this investment is to develop new markets in North America and the European Union. The Basque firm, headquartered in Basauri (Bizkaia), has a subsidiary in Hamilton, Canada, near Toronto, and a physical presence in Orlando, in the United States.
Today, the CEO of Virtualware, Unai Extremo, has advanced the next strategic step that his company will take, in his speech at a conference organized by LKS Next in Bilbao: the climbing on the Paris stock exchange of Euronext Access al Growth. In this way, it will advance its international growth.
The company, with a value of 34 million, wants to begin trading in the next segment in the first half of 2025, when it will also be two years since its jump to the stock market. Virtualware chose Paris because it is “the largest stock market in Europe, almost at the level of London, with high concentration of investors Europeans and Americans”, according to Unai Extremo. For its listing on the Paris Stock Exchange, Virtualware will rely on the Corporate area of LKS Next.
40% more income
Founded in 2004, Virtualware entered 4.52 million of euros in 2023, 40% more than in the previous year, and closed contracts for 5.6 millionof which 43% came from North America (USA and Canada), 33% from Emea (mainly Spain) and 24% from Latin America.
The goal for this year is increase your business by 30-40% -after the 40% increase last year- and thus exceed six million in turnover.
Among its clients are GE HitachiBayer, GestampPetronas, Alstom or the Ministry of Defense Spanish. Unai Extremo and Sergio Barrera, technology director, are the majority partners of Virtualware, control that they want to maintain.
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