IDOX (IDOX)

Sector:

IT Services

Index:

FTSE AIM 50

62.60p
   
  • Change Today:
      1.00p
  • 52 Week High: 71.00p
  • 52 Week Low: 60.60p
  • Currency: UK Pounds
  • Shares Issued: 459.30m
  • Volume: 2,062,031
  • Market Cap: £287.52m
  • RiskGrade: 278

Idox acquires UK-based LandHawk for initial £1.1m

By Josh White

Date: Monday 03 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Information management software and technology company Idox announced the acquisition of UK based, cloud-native land mapping software and geospatial information services (GIS) data business LandHawk Software Services on Monday.
The AIM-traded firm said LandHawk had a "growing presence" in the commercial sector in land sourcing and the provision of GIS data, specialising in the expanding UK renewable energy industry.

It said acquiring LandHawk would "further enhance" its GIS software, cloud and data capabilities following the acquisitions of Aligned Assets, thinkWhere and ExeGesIS in 2021.

The board also described it as a "valuable opportunity" to expand Idox's client base, as well as cross-sell into Idox's existing local authority clients to assist in managing their land assets.

Idox said the initial cash consideration for the acquisition was £1.1m from its existing resources, with a further £0.4m of deferred equity consideration to be issued 18 months post-transaction.

"We have been in dialogue with LandHawk over the past 12 months and have been impressed with the quality of their software, market offerings and people," said chief executive officer David Meaden.

"We are excited by the opportunity to combine LandHawk's impressive technology with Idox's deep expertise in UK land and property and GIS data.

"We collectively see a strong proposition for growth into commercial and public sector use-cases across land sourcing, assessment and management."

Meaden said the integration of LandHawk, coupled with the acquisitions of Aligned Assets, thinkWhere and ExeGesIS, placed Idox in "a strong position" to capitalise on the growth of the UK's location data market and lead the market in software solutions.

"This transaction will provide LandHawk with immediate support to its business and products to continue to expand its offerings and grow its customer base across both commercial and local authority markets."

At 1116 BST, shares in Idox were down 1.75% at 63.47p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IDOX Market Data

Currency UK Pounds
Share Price 62.60p
Change Today 1.00p
% Change 1.62 %
52 Week High 71.00p
52 Week Low 60.60p
Volume 2,062,031
Shares Issued 459.30m
Market Cap £287.52m
RiskGrade 278

IDOX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.35% below the market average97.35% below the market average97.35% below the market average97.35% below the market average97.35% below the market average
90.59% below the sector average90.59% below the sector average90.59% below the sector average90.59% below the sector average90.59% below the sector average
Price Trend
11.89% above the market average11.89% above the market average11.89% above the market average11.89% above the market average11.89% above the market average
2.13% above the sector average2.13% above the sector average2.13% above the sector average2.13% above the sector average2.13% above the sector average
Income
91.93% below the market average91.93% below the market average91.93% below the market average91.93% below the market average91.93% below the market average
64.29% below the sector average64.29% below the sector average64.29% below the sector average64.29% below the sector average64.29% below the sector average
Growth
4.04% below the market average4.04% below the market average4.04% below the market average4.04% below the market average4.04% below the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IDOX Dividends

  Latest Previous
  Final Final
Ex-Div 28-Mar-24 30-Mar-23
Paid 12-Apr-24 14-Apr-23
Amount 0.60p 0.50p

Trades for 28-Mar-2024

Time Volume / Share Price
13:59 640,000 @ 62.40p
13:47 721,000 @ 62.40p
16:35 9,705 @ 62.60p
16:35 173 @ 62.60p
16:35 61 @ 62.60p

IDOX Key Personnel

CEO David Meaden

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