The deal is set to close in a few weeks, contingent on the issue of new shares to provide working capital. The deal value is capped at around £1.5 million—£700,000 in cash and 45 million KTS shares, plus a further £300,000 payment in cash or shares subject to Arcontech meeting 12-month revenue growth targets.
Privately held Arcontech is owned entirely by its employees, says managing director Andrew Miller, who describes the deal as "a very good fit at a good time."
Once the deal is complete,
Anthony and James delve into how the systematic internalizer regime is shaping up, and then examine the regtech sector.Subscribe to Weekly Wrap emails