ORC Group Acquires TBricks
Tbricks today announced that it has signed an agreement to sell 100% of the shares in Tbricks AB to Orc Group Holding AB’s owner Cidron Delfi Intressenter Holding AB.
Founded in 2006, Tbricks pioneered the app-based trading platform for market makers,
proprietary traders and banks. Following today’s merger with Orc, Tbricks’ platform will now
form the foundation of Orc’s core trading products going forward.
“We are very excited to announce Cidron Delfi Intressenter Holding AB s acquisition of Tbricks. ́
Jonas Hansbo and team have conceptualized and launched a strong, flexible trading platform,
designed for the requirements of tomorrow. Orc remains committed to providing the best
products and services for trading and electronic execution,” said Torben Munch, CEO Orc
Group. “I anticipate the acquisition to significantly strengthen Orc’s offering in the trading
domain, and help us continue servicing the most sophisticated participants in global capital
markets. The Tbricks team constitutes some of the most skilled, passionate and experienced
technologists in the trading domain today, and the addition of them to our team will greatly
enhance our competitiveness going forward.”
“Orc has been the global market leader in exchange traded derivatives for more than a decade.
Given their broad market exposure, extensive domain experience and strategic focus, we think
Orc is the perfect match for us and our clients,” said Jonas Hansbo, CEO Tbricks. “Orc has a
great history of innovation with its industry-first automated server based trading solution Orc
Liquidator. With this merger, the advanced software from Tbricks will be married with Orc’s
strong ownership and global distribution capacity to create another breakthrough, leapfrogging
existing platforms, and fueling Orc for the next ten years and beyond. We remain committed to
our clients, and are confident the combination will benefit them greatly. It gives me great joy to
play a role in architecting Orc’s future.”