A MANCHESTER company which provides fuel pricing and retail network planning software and services is to list on the AIM market, raising £8m.
Kalibrate, until last week known as KSS Fuels, is based on Oxford Street at St James’s Buildings where it has more than 100 staff. The company has offices in Jaoan, South Korea, China, India, South Africa, Brazil and two sites in the US, including a second corporate HQ in New Jersey.
KSS Fuels was founded in 1993 and focused on pricing solutions across multiple retail verticals including convenience chains, drugstore, grocery and general retail industries. In 2011, the company acquired Market Planning Solutions Inc. (MPSI), a leading provider of fuel retail site evaluation and network planning solutions and services that was formed in 1970.
Kalibrate has more than 200 clients across 68 countries. Customers range from multinational oil companies, national and regional oil companies in multiple countries, convenience store chains and large format/supermarket retailers.
In the current financial year the company generated revenue of £15.5m delivering EBITDA of £1.9m and a profit before tax of £0.88m.
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