Oberthur Technologies (OT), a provider of embedded security software products, services and solutions, has decided to postpone its Initial Public Offering (IPO) over concerns about current market conditions.
Didier Lamouche, CEO of OT, says: "The decision taken with our majority shareholder Advent International is a natural one given the current state of the capital markets.
“Our business is delivering strong organic growth of both revenues and EBITDA and the momentum we see on all our activities confirms that we have made the right choices and positions us well for the future."
