GB Group’s (GBG) proposed acquisition of IDscan positions it as the only proprietary provider of both document and biometric identity data intelligence capabilities, and is in line with its strategy to acquire technology that can be rolled out globally. The acquisition should be earnings accretive within the first year and we are therefore upgrading our forecasts. The post-deal P/E of 25.0x FY18e is the lowest one-year forward P/E seen in a year, offering a good entry point into the sha
01 Jul 2016
IDscan acquisition - adding biometric capabilities
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IDscan acquisition - adding biometric capabilities
GB Group PLC (GBG:LON) | 253 7.6 1.2% | Mkt Cap: 639.1m
- Published:
01 Jul 2016 -
Author:
Bridie Barrett -
Pages:
6
GB Group’s (GBG) proposed acquisition of IDscan positions it as the only proprietary provider of both document and biometric identity data intelligence capabilities, and is in line with its strategy to acquire technology that can be rolled out globally. The acquisition should be earnings accretive within the first year and we are therefore upgrading our forecasts. The post-deal P/E of 25.0x FY18e is the lowest one-year forward P/E seen in a year, offering a good entry point into the sha