Accsys Technologies plc has successfully completed a listing on Euronext Amsterdam, raising €20.5m, less expenses, for the expansion of its business operations.

London-based Accsys Technologies offered five million new shares and 10 million existing shares on the Dutch stock exchange, making it the first company to be dual listed on Euronext Amsterdam and the Alternative Investment Market.

The company said that it is to proceed with plans to increase capacity at its Arnhem manufacturing facilities, develop licensing activity and advance wood fibre technology for panel products to a commercial scale.

Rival modified wood manufacturer Kurawood is expected to announce the results of a similar stock market listing in the next few days, with the company aiming to raise £4.5m to develop the commercial prospects of its Kura product.