Acquisition de systèmes logiciels d'entreprise (ESS)
30 Novembre 2023
Groupe Microlise plc
("Microlise", "le Groupe" ou "la Société")
Acquisition de systèmes logiciels d'entreprise (ESS)
Microlise Group plc (AIM: SAAS), a leading provider of SaaS based transport technology solutions to fleet operators, is pleased to announce that it has reached an agreement to acquire Enterprise Software Systems (ESS), a leading provider of transportation management system ("TMS") solutions.
Founded in 1997 in the UK, ESS has a proven track record as a leading provider of TMS solutions to enterprise clients such as Culina Group and GXO, helping customers manage their transport operations from order receipt to invoice creation. ESS is majority founder-owned, has 42 full-time employees and delivered revenues of approximately £5.1m and an adjusted EBITDA of £1m during the 12 months to 31 August 2023, with net assets of £2.6m. Approximately 75% of revenue is recurring based on long-term contracts with the balance made up of non-recurring set up fees.
Following the Group's Acquisition of Vita Software earlier this year, a leading provider of TMS solutions to smaller and pallet/parcel network customers, the acquisition of ESS strengthens Microlise's TMS offering and introduces a market-leading TMS solution for medium and large fleet customers into the Group's transport technology product offering.
Under the terms of the acquisition, Microlise will pay an initial £7.65m cash payment due on completion and a maximum deferred contingent consideration of £0.85m, payable in cash after 6 months from completion and dependent on any claims. The vendors will also receive a further £3m from existing ESS cash reserves on completion so that the Company acquires the business on an effective cash and debt free basis. The acquisition is expected to immediately enhance earnings on completion.
The Acquisition remains conditional upon no objections being raised by the UK Competition and Markets Authority ("CMA"). The Board of Microlise expects this process to conclude, and the Acquisition to complete, within 3 months of today's date. Further announcements will be made as appropriate.
Commentant l'acquisition, le PDG Nadeem Raza a déclaré: "We are delighted to announce ESS as our second acquisition of the year, and our largest to date. The acquisition showcases our commitment to strengthening our TMS offering, which we will now be able to provide to businesses of all sizes. ESS immediately increases our recurring revenues, enhances our earnings, and will provide numerous upsell and cross-sell opportunities. We look forward to updating the market on progress in this respect and on the integration of ESS into the wider Group."
Pour plus d'informations, s'il vous plaît contacter:
Groupe Microlise plc
Nadeem Raza, PDG
Nick Wightman, directeur financier C/O SEC Newgate
Singer Capital Markets (Conseiller Nominé & Broker)
Steve Pearce / James Moat / Harry Gooden Tél : 020 7496 3000
SEC Newgate (RP financière)
Bob Huxford / Molly Gretton / Harry Handyside Tél : 020 3757 6880
Courriel : [email protected]
À propos de Microlise
Microlise Group Plc est l'un des principaux fournisseurs de logiciels de gestion de transport pour les opérateurs de flotte, les aidant à améliorer l'efficacité, la sécurité et à réduire les émissions. Ces améliorations sont réalisées grâce à une consommation de carburant réduite, une réduction du kilométrage parcouru, une amélioration des performances des conducteurs, moins d'accidents, l'élimination de la paperasserie et une expérience client améliorée.
Fondée en 1982, Microlise est une entreprise primée comptant plus de 400 entreprises clientes. Avec 463 employés basés au siège du Groupe à Nottingham au Royaume-Uni, la Société possède également des bureaux en France, en Australie et en Inde, avec un effectif mondial total de plus de 670 personnes.
Microlise est cotée sur le marché AIM de la Bourse de Londres (AIM : SAAS) et se qualifie pour le Green Economy Mark de la Bourse de Londres.
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