Idox has announced the £5.0m acquisition of Halarose Holdings Ltd (“Halarose”), a supplier of Electoral back office Management Software and Services (“EMSS”) to UK local government. We believe the deal has solid strategic logic, transforming Idox into the second largest EMSS supplier in the UK, and offers strong synergy potential. We make modest increases to FY18E estimates (adj. EPS +3.1%) following the announcement.
17 Aug 2017
Significantly upscaling the elections business
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Significantly upscaling the elections business
Idox plc (IDOX:LON) | 62.6 0.3 0.6% | Mkt Cap: 287.5m
- Published:
17 Aug 2017 -
Author:
Blaine Tatum -
Pages:
4
Idox has announced the £5.0m acquisition of Halarose Holdings Ltd (“Halarose”), a supplier of Electoral back office Management Software and Services (“EMSS”) to UK local government. We believe the deal has solid strategic logic, transforming Idox into the second largest EMSS supplier in the UK, and offers strong synergy potential. We make modest increases to FY18E estimates (adj. EPS +3.1%) following the announcement.