€10.2 million raised; market capitalisation €37.05 million
Paris – 24 May 2016– EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for small and medium-sized companies (SMEs), today celebrated the listing ofKerlink, a French company specialising in the Internet of Things (IoT), on Alternext Paris.
Kerlink is an innovative tech company, founded in 2004 to create network solutions for connected objects used by businesses, public authorites and also telecoms operators. In just over 10 years, it has become a pioneer in IoT, developing a full range of solutions that bring together the equipment, software and services which enable its clients to manage their IoT networks. Kerlink’s offer responds to a diverse client base and spans sectors ranging from passenger and freight transport to telemetrics, as well as power and water network operators. Today the company has over 120 clients and nearly 50,000 systems installed.
Kerlink (ticker code: ALKLK) was listed through the admission to trading on 24 May 2016 of 3,552,557 common shares, including 978,069 shares issued as part of a public offering after the partial exercise of the over-allotment option.
The admission price and issue price of Kerlink’s shares was set at €10.43. Market capitalisation on the day of listing was €37.05 million, and the total amount raised was €10.2 million.
William Gouesbet, CEO of Kerlink, said:“We would like thank our new shareholders, both institutional and individual, for their confidence in our project, as well as the teams that have contributed to this operation. This is clearly a very important step in Kerlink’s development, which will allow us to remain one step ahead in terms of technology, to accelerate our commercial strategy and to reinforce our international footprint. We are very happy to be joining Euronext, a leading platform for European tech companies.”
Kerlink is a network solution specialist dedicated to the Internet of Things (IoT). Its mission is to offer its clients - telecom carriers, businesses, and communities - network solutions they can use to take advantage of the considerable economic opportunities in this market, which is growing rapidly around the world. In 10 years, more than 50,000 Kerlink installations have already been rolled out for more than 120 clients such as GrDF, Suez, Saur, Bouygues, Orange, Swisscom, and Médiamétrie. In 2015, Kerlink had a turnover of €7.4m, with an EBITDA close to break even. Since 2014, Kerlink has posted average annual growth of more than 40%. Internationally, development is promising, as turnover has more than tripled in two years and now stands at over 20% of total activity.