CyberFolks and Shoper announced a merger plan on May 21, 2026. Under the agreement, Shoper’s assets will be transferred to CyberFolks through a share-based transaction under Article 492 of the Polish Commercial Code. CyberFolks will issue 3,215,165 new Series F shares, and Shoper shareholders will receive 0.2281 CyberFolks shares for each Shoper share held. The combined entity will continue trading on the Warsaw Stock Exchange under the cyber_Folks name. Shoper will be delisted.
Deal Structure and Numbers
The exchange ratio was derived from a three-month volume-weighted average price for both stocks. CyberFolks currently holds 14,039,145 Shoper shares, representing its 49.9% stake acquired in late 2024 for PLN 547.5 million (approximately $135 million). The preliminary agreement was signed in November 2024 and the deal closed in January 2025. That stake does not participate in the exchange. The valuation of the merged entity is approximately €1 billion.
Shoper is Poland’s leading e-commerce SaaS platform for small and micro businesses. Its omnichannel GMV exceeded 21 billion PLN in 2025 (approximately $5.2 billion), up 45% year-over-year. The platform provides hosted store creation and management along with payments, logistics, marketing, and process automation.
Three Moves in 18 Months
The merger is the third major move in an 18-month sequence. The 49.9% Shoper stake acquisition was agreed in late 2024 and closed in January 2025. Twelve months later, in December 2025, CyberFolks signed an agreement to acquire PrestaShop for €53.765 million through Cyber_Pixel, a joint venture in which Sylius stakeholders hold 21%; that deal closed in February 2026. PrestaShop is the dominant open-source e-commerce platform in continental Europe, with 230,000 active stores and €22 billion in 2024 GMV. The full Shoper merger, announced three months after PrestaShop closing, closes the loop on what is now a deliberate consolidation rather than a collection of individual bets.
The two platforms address different parts of the market. Shoper is a closed SaaS solution built for merchants who want a hosted, managed storefront with no technical overhead. PrestaShop is open-source and self-hosted, strongest in France, Spain, and Central Europe, used by merchants and developers who want full control over their stack. Together with Sylius handling the headless and composable commerce layer, CyberFolks now covers the full range of technical appetite in European e-commerce.
A Position Few Hosting Companies Have
What makes this consolidation notable for the hosting industry is where CyberFolks started. The company’s foundation is web hosting: domain registration, WordPress hosting, WooCommerce hosting, and PrestaShop hosting. It built its subscription revenue base on the infrastructure layer before acquiring the software that runs on top of it. The merged entity now sits in an unusual position: it is simultaneously a hosting provider and the owner of two of the leading e-commerce platforms that hosting providers across Europe sell as managed solutions. Competitors offering PrestaShop hosting are, in effect, building on software owned by another hosting company.
The rest of the group includes Apilo for marketplace integrations, Sellintegro for ERP integrations, Vercom for transactional communications, SellRocket for e-commerce automation, and MailerLite for email marketing.
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Why €27 Billion in GMV Matters
CyberFolks CEO Jakub Dwernicki cited investor feedback as the driver for the merger structure: “Listening to investor feedback, we decided to merge, simplifying the Group structure, particularly clearer for foreign investors.” The stated goal is to increase liquidity and free float to attract institutional and global technology investors. Robert Stasik, Shoper co-founder and VP, framed the operational case: “Integrating both organizations’ competencies creates significantly greater value than individual entities.”
The merger requires approval from shareholders at both companies’ General Assemblies. No dates for those votes have been announced.
The combined GMV across Shoper and PrestaShop alone exceeds €27 billion annually. That figure, held inside a single listed entity with a shared technology roadmap, is the number that explains why CyberFolks is positioning this as a play for global institutional capital rather than a regional consolidation story.
Natalia Nowak
Exploring the web hosting industry through writing - panels, providers, and everything that runs behind the scenes.