"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 30 years in TIM in one sentence.
TIM commences its activityOn 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. more
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.
First “daughter” companyIn 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. more
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.
- Inside Sonel SA factory.
Debut on the WSEThe first listing of TIM SA on the Warsaw Stock Exchange took place on 16 February 1998. more
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.
The great moveIn 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. more
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.
Formation of the TIM GroupIn autumn TIM SA purchases shares of a Bydgoszcz company MARKETEO.COM from Oponeo.pl SA becoming its majority shareholder. more
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.