OANDA Acquires TMS, Kicking off Its Strategic Acquisitions over the Next Two Years

Online multi-asset trading services provider OANDA Global Corporation (‘OANDA’) anounced on Tuesday that it has entered into an agreement to acquire 100% of the shares of Dom Maklerski TMS Brokers S.A. (‘TMS’), a leading retail FX broker in Poland. The deal is pending regulatory approval.

As the second largest broker in the Polish FX and CFD market, 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 the Poland-based FX brokerage access to markets in the European Union.

"We are delighted with the deal and I’d like to personally welcome all the TMS team to OANDA." Gavin Bambury, CEO of OANDA, commented on the acquirement. "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, added, “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.”

Artur Haze, Managing Partner of ForeVest Capital, TMS' former holding firm which acquired controlling stakes of the Polish broker in 2011, said, “During our time managing TMS, the firm built a solid client base throughout Poland and the Baltics, while also developing deep-seated technological expertise. As such, I believe there is a strong strategic fit between TMS and OANDA. I am very pleased the firm will be able to continue on its current growth path as part of a leading global brokerage.”

OANDA also revealed that TMS is just the first in a number of strategic acquisitions the firm is looking to complete over the next two years. Under Bambury’s leadership, OANDA has undergone a transformative change in its operational configuration, widening its product offering and increasing its marketing investment in order to drive scalable, sustainable growth.