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-French TRSB starts EUR4m capital increase.

INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS

20 October 2011 - French IT services provider TRSB Groupe (EPA:MLTRS) has seized the opportunity of its transfer to Alternext to launch a capital increase worth EUR4m (USD5.5m), running from 20 October to 15 November.

If the share issue is not subscribed up to 75%, the transfer will be cancelled, TRBS said. The current shareholders will not take part in the initiative.

The company plans to invest the raised funds in acquisitions, targeting consultancy and IT solution design specialists, with an annual revenue of some EUR5m.

Since 2008, TRSB has acquired three companies, thus boosting its revenue to EUR55m.

The group aims to generate sales of EUR100m by 2013. Operating margin is seen above 8% as of 2012.

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Publication:Internet Business News
Date:Oct 20, 2011
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