GB Group has taken another step forward in its international expansion with the acquisition of Vix Verify Global, a business specialising in ID verification and location intelligence software in Australia and New Zealand. Complementing GBG’s IDV and Loqate solutions, the acquisition will widen the datasets available to both GBG and VVG customers. The deal cost of A$38.3m/c £21.2m is being funded from existing facilities. GBG expects the deal to be earnings accretive in the first 1
22 Oct 2018
GB Group - Scaling up down under
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GB Group - Scaling up down under
GB Group PLC (GBG:LON) | 290 -35.9 (-4.1%) | Mkt Cap: 732.3m
- Published:
22 Oct 2018 -
Author:
Katherine Thompson -
Pages:
2
GB Group has taken another step forward in its international expansion with the acquisition of Vix Verify Global, a business specialising in ID verification and location intelligence software in Australia and New Zealand. Complementing GBG’s IDV and Loqate solutions, the acquisition will widen the datasets available to both GBG and VVG customers. The deal cost of A$38.3m/c £21.2m is being funded from existing facilities. GBG expects the deal to be earnings accretive in the first 1