History

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“The only sure thing in TIM is change”.

Krzysztof Folta, PRESIDENT OF THE MANAGEMENT BOARD OF TIM SA

From trading in beer and milk to the largest distributor of electrotechnical articles in Poland, spanning a quarter of a century of experience in traditional trade with the advanced e-commerce technology. This is how to describe the changes that have occurred within almost 35 years in TIM in one sentence.

Year 1987

TIM commences its activity

On 25 November Spółdzielcze Przedsiębiorstwo TIM Sp. z o.o. is established. It is the result of signing of the company’s articles of association between Młodzieżowa Spółdzielnia Pracy „Unita” in Wrocław and three friends studying at Wrocław University of Technology: Krzysztof Folta, Krzysztof Wieczorkowski and Bogumił Moszczyński.

TIM starts as a design studio, although at the same time it also provides services, primarily consisting in measurements, control and installation. The end of the 1980s also adds commercial activity – to start with the sale of exquisitely innovative, as for the times, milk in cartons plus beer. In April 1991 TIM starts to create a nationwide network of electrical wholesale companies.

Pierwsza siedziba TIM – ul. Prusa 15, Wrocław

Year 1994

First “daughter” company

In 1994 TIM Sp. z o.o. is established in Świdnica. It is not, however, another electrical wholesale company but it takes over the tasks of the current innovation and implementation division of TIM Sp. z o.o.

The new company initially deals with the trade in electrotechnical articles, however the object of its business is also production of measuring instruments and luminaires, as also provision of services. In 1998 it changed its name and legal form to Sonel SA. The company is still operating and is involved in the production of high quality measuring instruments for power engineering and telecommunications. It is listed on the Warsaw Stock Exchange. In 1999, the growing share of revenues from services is the reason for the separation from TIM SA of another business entity. Elektrotim SA with its registered office in Wrocław takes over production and service activities carried out till then by the Technical Department of TIM SA. Similarly to Sonel SA, Elektrotim SA is continuing and developing its business and is also present on the WSE.

Wnętrze fabryki Sonel SA

Year 1998

Debut on the WSE

The first listing of TIM SA on the Warsaw Stock Exchange took place on 16 February 1998.

The price of TIM SA shares reaches at that time the level of PLN 9.80 to soar in the subsequent days to almost PLN 12. TIM is one of only 160 companies listed on the Warsaw Stock Exchange back then.

Od lewej: Krzysztof Folta – prezes zarządu TIM SA, Wiesław Rozłucki – ówczesny prezes zarządu GPW

Year 2008

The great move

In May, for the first time in history, TIM SA moves its registered office outside Wrocław to Siechnice located nearby. Here two years earlier the company had purchased a 19.7-hectare real property to build a logistics centre and an office building. Construction works started in June 2007. This was possible thanks to the previously issued series F shares.

After the logistic centre in Toruń is closed in 2009 (it supplied northern and central Poland), the facility in Siechnice becomes the only one of the kind in TIM SA and provides services to branches and customers across the county.

Uchwała nr 1/25.04.2024 r. Zarządu TIM S.A. z siedzibą we Wrocławiu z dnia 25 kwietnia 2024 r. w sprawie podwyższenia kapitału zakładowego poprzez emisję akcji na okaziciela serii G w ramach kapitału docelowego z wyłączeniem w całości prawa poboru akcjonariuszy w odniesieniu do akcji serii G oraz w sprawie zmiany Statutu Spółki

Year 2011

Formation of the TIM Group

In autumn TIM SA purchases shares of a Bydgoszcz company MARKETEO.COM from Oponeo.pl SA becoming its majority shareholder.

MARKETEO.COM holds 100% shares in Narzedzia.pl SA – an operator of an online store www.narzedzia.pl with power tools in its offer and of a dozen of e-stores under the brand Rotopino operating in other European Union countries. This is how the e-commerce adventure of TIM SA begins. Soon a merger of Narzedzia.pl SA with MARKETEO.COM S.A is effected – the company takes the name ROTOPINO.PL S.A. This is how the TIM Group is established.

Od lewej: Ryszard Zawieruszyński – prezes zarządu MARKETEO.COM SA, Krzysztof Folta – prezes zarządu TIM SA

Bydgoszcz, magazyn Rotopino.pl SA, rok 2011 r.

Year 2013

TIM.pl e-store is launched

In July TIM SA launches an online TIM Store (beta version available since May 2013) – initially at the address sklep.tim.pl and ultimately – www.tim.pl.

This is the first e-store in the Polish electrotechnical industry whose offer (along with price information) is available to all customers – both consumers and entrepreneurs. In addition, the vast majority of the offer are products available immediately, which means the ones sent to the place indicated by the customer within 24 hours of placing an order (on business days).

E-sklep TIM SA w 2013 r., wkrótce po oddaniu do użytku

Year 2014

Jubilee, great changes, bigger group of companies

Jubilee, great changes, bigger group of companies To highlight the changes in the company’s business – moving from the traditional commerce époque to a hybrid model combining competences acquired in the past quarter of the century with the latest e-commerce technology – TIM changes its logotype for the first time ever.

The existing branches of TIM SA availing of their own warehouses are transformed into commercial offices and all orders with direct shipment to the customer are realised by the logistics centre in Siechnice. Already half of TIM’s turnover comes from the e-commerce channel. A symbolic confirmation of the role of the Internet channel is the transfer of the TIM Store from the address sklep.tim.pl to the main company internet domain, i.e. www.tim.pl. During the formal gala on the occasion of the 25th anniversary of running the business, organized on 13 June at the Wrocław Opera, TIM presents its new logo. At the same time the TIM Group of Companies is joined by two more companies: EL-IT SA and Sun Electro Sp. z o.o. In November TIM SA’s headquarters are transferred from Siechnice to the Arkady Wrocławskie office building in the centre of the capital of Lower Silesia. This is also the company’s registered office as of February 2015. The Logistics Centre of TIM SA still operates in its current location, i.e. in Siechnice.

Stary i nowy logotyp TIM SA

Opera Wrocławska – gala z okazji 25-lecia działalności TIM SA

Występ artystów z teatru Ocelot podczas gali z okazji 25-lecia TIM-u

Jubileuszową imprezę uświetnił także występ paryskiego kabaretu Crazy Horse

Year 2016

Logistics anew

On 1 July 3LP SA – another company in the TIM Group of Companies – becomes the operator of the logistics centre in Siechnice. The company is formed from the former Logistics Department of TIM SA.

3LP is 100% owned by TIM and specializes in automated outsourcing of logistics services to entities from the e-commerce sector, also those from outside the TIM Group of Companies . After the extension works have finished, lasting from in mid-December 2016 to June 2017, the surface area of the facility in Siechnice grows from 12,000 to over 40,000 sq.m.

Centrum Logistyczne 3LP SA w Siechnicach po rozbudowie

Year 2018

Relocation and return after many years

Just days before Christmas the headquarters of TIM SA relocates to the modern Cu Office building at ul. Jaworska 13 in Wrocław.

For almost 20 years, until mid-2010s the plot where this building has been erected used to be the premises of Wrocław branch of TIM and its warehouse.

Year 2020

Sale of the shares in ROTOPINO.PL S.A.

At the end of 2020, the Capital Group parted with ROTOPINO.PL (formerly: MARKETO.COM). Its shares returned to the original owner – Oponeo.pl S.A.

Thus, the Group, which has resolved to focus on the B2B market, contains now only two companies: TIM and 3LP, as one year before, the liquidation proceeding was completed leading to Sun Electro Sp. z o. o. in liquidation being removed from the Companies Register. Besides, in 2018, the Group sold shares of Elit S.A.

Year 2021

First billion in annual sales

October 2021 is forever the month-symbol in the company’s history. This was the month when unit sales revenues of TIM accruing from the beginning of the year exceeded one billion zloty for the first time in the company’s history.

One billion in annual revenues was one of the two major strategic goals of the company for 2019-2021 (the other, achieved even earlier, was EBITDA value of at least 3.6%). A change of the mode of operation and constant focus on development in e-commerce, along with effective work of the entire TIM team enabled achievement of the revenues of 1 billion PLN more than two months before the planned deadline.

Year 2022

New, long-term strategy of TIM

In May 2022, TIM SA summarised implementation of its medium-term strategy for 2019-2021 and presented the new, long-term development strategy with financial targets defined until 2026.

In the five-year perspective, TIM has planned to achieve unit revenue of more than 3 billion PLN and EBITDA of 250 million PLN. The key point of the strategy is further development of the company in B2B e-commerce, considering especially the needs and expectations of the electrotechnical industry. TIM’s new mission is now: ‘Make work easier for professionals’

The company wants its customers to find in TIM a true electric engineering hub. The online store should be a place where busy specialists can find both the broadest product range and attractive pricing, as well as technical support. Achievement of this mission involves maximisation of convenience of using of the e-commerce service, too.

The dynamic development of the company would not be possible without the uniquely motivated team who work with passion. This is why one of the strategy’s pillars has been titled “TIM is team”.

Year 2024

Joining Würth Group and delisting

As a result of the successfully concluded tender offer for the sale of TIM SA shares, in late 2024, the TIM Capital Group joined the Würth Group, a global leader in development, production, and sale of assembly and fastening materials.

As part of the Würth Group, trade and manufacturing companies, referred to as Allied Companies, also operate in related business areas, ranging from wholesale sales of electrical and electronic materials to financial services. In early 2024, the Würth Group employed more than 87 000 people in over 400 companies with more than 2 500 pick-up points in 80 countries. According to preliminary figures for the financial year 2023, the Würth Group achieved revenues amounting to 20.3 billion euros

TIM CG joins the business line of the Würth Electrical Wholesale Group, which is one of the leading wholesalers of electrotechnical materials in the European market. Both TIM Capital Group companies – TIM S.A. and the logistics company 3LP S.A. – will continue to operate as independent companies.

Following this transaction, the shares of TIM SA are withdrawn from the Main Market of the Warsaw Stock Exchange as of 5 June 2024.

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