cyber_Folks has completed its legal merger with Shoper. From 1 September 2026, the two Polish technology companies operate as a single corporate entity, with all of Shoper S.A.’s assets, rights and obligations transferred to cyber_Folks S.A. The Shoper brand itself will remain on the market as one of the group’s key e-commerce products.
The transaction completes a process that began in early 2025. In February last year, cyber_Folks acquired 14.04 million Shoper shares, giving it a 49.9% stake and the same share of voting rights. Since then, the companies have gradually integrated their teams, products and technology.
As part of the final merger, former Shoper shareholders will receive 3,215,165 newly issued series F shares in cyber_Folks. The new shares are expected to begin trading on the Warsaw Stock Exchange on 15 September.
Shoper remains a separate product brand
The corporate merger does not mean the disappearance of one of Poland’s best-known e-commerce platforms. Shoper will continue to operate as a product brand providing SaaS software and tools for online retailers.
The main change is the scale of the technology and infrastructure available behind the platform. The combined group plans to increase investment in data analytics, artificial intelligence, infrastructure and sales automation while making it easier to deploy solutions across its wider portfolio.
Management also expects the simplified structure to support international expansion. Shoper’s e-commerce expertise can now be more closely integrated with other services developed across the cyber_Folks ecosystem.
Building a European e-commerce technology ecosystem
The Shoper merger is part of a broader expansion strategy. cyber_Folks is developing a portfolio that spans hosting and infrastructure, online-store platforms, payments, integrations, logistics, automation and AI-powered tools.
In February 2026, the group also acquired PrestaShop. Following that transaction, cyber_Folks said its technology was used by more than 700,000 customers and supported approximately €35 billion in annual gross merchandise value.
The merger also changes the investment story for Warsaw-listed cyber_Folks. Instead of two separate listed businesses, investors now gain exposure to a larger company with a simpler capital structure and a broader European e-commerce footprint.
Based on cyber_Folks’ share price at the end of August, the combined company’s market capitalisation was close to $1 billion, a level also highlighted by the group when announcing completion of the transaction.
