Former Post Office software supplier plots London stock market return

A supplier of software to post offices around the world is plotting a return to the London stock market six years after it was taken private. Sky News has learnt that Escher Group, which had long-term contracts with Fujitsu, the Japanese giant which was at the centre of the Horizon IT scandal, is working with bankers on a potential initial public offering . City sources said that a flotation could take place late this year, although a 2025 listing was more likely.

A spokeswoman for Escher declined to comment on the timing or details of an IPO, but said it was not currently a supplier to the UK Post Office. The company's current customers include the US postal service, she added. It also supplies retailers and companies in other sectors, but describes itself as 'the global leader in customer engagement software for Post Offices and couriers'.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Post Office scandal: Former business secretary Sir Vince Cable accepts 'share' of responsibilityThe former secretary of state accepts that oversight of the Post Office could have been better but, like other former ministers of the day, says he was guided not to interfere in operational matters outside his remit.
Source: SkyNews - 🏆 35. / 67 Read more »