Acquisition of Finferno

Summary by AI BETAClose X

GSTechnologies Ltd has entered into a legally binding agreement to acquire Finferno, a Polish Virtual Asset Service Provider, using existing cash resources to expand its digital asset exchange and wealth management operations into Poland and Central Europe. This strategic acquisition aims to facilitate the launch of new offerings in Poland, a market identified for its robust economic growth and increasing cryptocurrency adoption, positioning GST for future expansion in the region.

Disclaimer*

GSTechnologies Ltd
29 December 2025
 

29 December 2025

GSTechnologies Limited

 

("GST" or the "Company")

 

Acquisition of Finferno

GSTechnologies Ltd (LSE: GST), the fintech company, is pleased to announce that the Company has entered into a legally binding agreement to acquire the entire issued share capital of Finferno Spółka Z Ograniczoną Odpowiedzialnością ("Finferno"), a Polish-registered Virtual Asset Service Provider ("VASP"), for an undisclosed cash consideration (the "Acquisition").

The Acquisition, which is being funded through the Company's existing cash resources, is intended to facilitate the growth of the Group's digital asset business, focused on both digital asset exchange and wealth management, in Poland and Central Europe.  In particular, the Acquisition will enable the Group to launch new offerings in Poland, initially on a pilot basis.  GST views Poland as a particularly attractive area for future growth given the country's robust economic growth forecasts and surging cryptocurrency adoption.

Tone Goh, Chairman of GST, commented: "I am very pleased to be announcing the acquisition of Finferno, which will add to GST's growing digital asset capabilities.  This acquisition is in line with our plans to grow our digital asset business, GS Fintech, internationally in selected markets where we see strong potential.  Poland, and Central Europe more widely, offer attractive opportunities for GST, and we are keen to invest more in the region, which is enjoying significant economic growth and burgeoning cryptocurrency adoption.  As we enter 2026 GST is very well positioned and I look forward to providing further updates in due course."

Enquiries:

The Company

Tone Goh, Executive Chairman

+65 6444 2988

Financial Adviser

First Sentinel Corporate Finance

+44 (0)20 3855 5551  

Brian Stockbridge / Gabrielle Cordeiro

Broker

CMC Markets

+44 (0)20 3003 8632

Douglas Crippen

Financial PR & Investor Relations

IFC Advisory Limited

Tim Metcalfe / Graham Herring / Florence Staton

+44 20 (0) 3934 6632

For more information please see: https://gstechnologies.co.uk/

 

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