Simtel Team, the leading national technology and engineering group in the field of renewable energy, debuted today on the Main Market of the Bucharest Stock Exchange under the stock ticker SMTL, after moving from the AeRO market. Simtel Team has been present on the capital market since July 2021, and at the time of the transfer it had a capitalization of RON 430.6 million. During its presence on the AeRO market, the company’s market capitalization increased more than three times.
‘With each company that chooses to come to the Bucharest Stock Exchange, on the AeRO market or on the Main one, the capital market grows and becomes more robust. Moreover, every company listed on the AeRO market that takes the step towards the Main Market demonstrates the fact that the Multilateral Trading Segment fulfills its purpose, that of being a suitable space for Romanian entrepreneurial companies to develop and transform their business and to get used to with the status of a listed company. Simtel Team’s shares had a very good evolution on the AeRO market and we hope to continue at the same pace on the Main Market’, said Adrian Tanase, CEO of the Bucharest Stock Exchange.
‘Throughout the three years since the initial listing on the AeRO market, Simtel has evolved significantly, establishing itself as a leader in providing sustainable and efficient technological solutions. During this time, we have developed a group of companies that form an integrated ecosystem that can meet all the needs of companies aiming to optimize resources and increase energy efficiency. Thus, we are currently focusing on several essential areas: the construction and operation of photovoltaic power plants, telecommunications, and energy storage systems, as well as the development of software platforms and autonomous robots. These initiatives position us as an innovative and high-performing company in cutting-edge engineering and technology fields’, said Iulian Nedea, Sergiu Bazarciuc and Radu Vilau, Cofounders Simtel Team.
Simtel Team’s shares ranked first in terms of liquidity, in the AeRO market, in the last 12 months, with transactions worth RON 92 million. Also, in the three years of presence on the AeRO market, investors have made over 47,000 transactions with 4.2 million SMTL shares, totaling RON 157.2 million.
‘The transfer to the Main Market of the Bucharest Stock Exchange marks a defining moment for our team, representing the result of sustained efforts and our commitment to excellence, innovation, and sustainability. With this transfer, our objective is to consolidate our national leadership position in the renewable energy sector and expand and diversify our clients’ portfolio of services and products. To this end, we aim to access additional financing resources, attract new investors, mainly local and global institutional investors and international financial institutions, and develop strategic partnerships. We are grateful to all those who have believed in and continue to trust our vision. We look towards the future with optimism, continuing to support companies in adopting sustainable solutions, thereby contributing to a green and prosperous future for communities’, said Mihai Tudor, CEO Simtel Team.
The transfer of Simtel Team shares to the Main Market was carried out with the support of BT Capital Partners as an intermediary and Cornerstone Communications as a capital market consultant. Filip & Company acted as legal advisor.
‘Simtel Team’s presence on the Main Market of the Bucharest Stock Exchange is a natural stage of development in their ambitious and sustainable path. We are glad for the opportunity to support an innovative company through the mechanisms of the capital market and are proud to mark together with the team and the investors the company debut on the most important trading arena in the region’, said Daniela Secara, CEO BT Capital Partners.
