dotdigital announced the acquisition of Comapi, an omni-channel messaging and cloud communications provider, for £11m in cash to be funded through its existing cash reserves. The deal extends the group’s omni-channel marketing capability and opens the door to attractive cross-selling opportunities. We upgraded our FY’18 EPS by 5% (7-month contribution) and FY’19 EPS by 14%. We see the shares as a core holding in the sector, offering visible growth in a structurally attractive market.
