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Fri, 09 Jan 2009 | 04:24 GMT

M2M Group   (M2M.CSE)
Sector | Industry
Telecoms and IT | Software and Services
 
Country of Origin
Morocco
Last Trade
515.00 MAD
- 1.34%
 
 
 
 
 
 
 
 
 
 
 
 
Company Updated: Jun 11, 2007
 
Joint Stock
 
 
Holding group provides solutions and consultancy for electronic card holders operating in the banking, distribution, retail, payment processors, transport and telecom sectors.
2002
80
Magix
Olerp HR
X-Pos
 
 
M2M 
Ordinary 
MAD 
 
 Key Officers
Redouan Bayed
Chairman
Mounir Essayegh
General Manager
 
 Contact Details
Address:
20 Street Moussa Bnou Noussair
Casablanca 20000
Morocco
 
+212 22-435300
 
+212 22-435313
 
moreinfo@m2mgroup.com
 
www.m2mgroup.com

 
  Latest Headline
BioLink Biometrics & m2m Smart Card-based Systems at Cardex & IT Security'07 - Press Release
 
  IPO Details
Listing Date:
04Jul07
Size of Offering:
$17.07M
Equity Offering:
20%
Lead
Managers:
Attijari Finances Corporation, BMCE Capital
 

  Business Overview
M2M Group is a Moroccan holding company that provides electronic transaction processing software, consulting, systems integration and outsourcing. The Group serves the banking, retail, telecom, petroleum, healthcare, government, transportation and human resources sectors.

M2M Group was established in 2002, assembling several subsidiaries under one umbrella. The now dissolved M2M CAM, previously known as Monétique, Sécurité et Réseaux, was the first of the group's subsidiaries, established in 1990. M2M Systèmes Bancaires (M2M SB), established in 1996, develops software payment systems and card services for the banking sector. M2M Systèmes d'Information (M2M SI), previously known as M2M Téléphonie et Télécommunication, develops secured electronic transactions for the healthcare, transportation and manufacturing industries and designs human resources software.

The company acquired M2M Secure Payment Services (M2M SPS), in 2003, an outsourcing entity based in Morocco. In 2004, M2M Electronic Systems became M2M Africa, joining M2M Europe, M2M Middle East and M2M Americas, as one of the company's major international arms.

M2M Group is undergoing an IPO in June 2007 offering 20% of its shares on the Casablanca Stock ExchangeCasablanca Stock ExchangeLoading... to raise MAD141.8 million (USD17million). The company's paid up capital in 2002 was MAD17.9 million (USD1.6million), by May 2007, it had increased to MAD64.7 million (USD7.7 million).
 
 
 Major Shareholders
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 Available to subscribers only. Information in this section includes Shareholder Names and their corresponding Holding Percentages. » More Details
 
  Organization Structure and Related Entities
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
M2M Systèmes Bancaires [M2M SB] Morocco 99.97%
M2M Europe [via M2M SB] France 99.91%
M2M Africa Morocco 99.33%
M2M Secure Payment Services [M2M SPS] Morocco 75.00%
M2M Americas United States -
M2M Cairo Egypt -
M2M Middle East Ras Al Khaimah UAE -
T- Systems France [via M2M Europe] France -
 
 
  Representatives
Auditors
 
PKF Maroc
 
Banks
Attijariwafa Bank
Banque Marocaine du Commerce Extérieur
Law Firms
 
Cabinet Mohammed Mawhoub
 
 
Competitors  
 Société Maghrébine de Monétique [S2M Maroc]
 
 Summary Financials
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 Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details
 
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