PEXA Group to Acquire Smoove plc
October 6, 2023
PEXA Group Limited (ASX: PXA) has reached agreement to acquire UK conveyancing technology provider Smoove plc by way of a scheme of arrangement for 54 pence per share, valuing Smoove at approximately £30.8 million (A$58.6 million). The deal, expected to complete in Q4 2023 subject to shareholder and regulatory approvals, will deepen PEXA's UK presence by adding Smoove's conveyancer marketplace, panel relationships and customer contracts.
- Buyers
- PEXA Group Limited, Digcom UK Holdings Ltd (Digcom)
- Targets
- Smoove plc
- Industry
- Cloud & SaaS
- Location
- Oxfordshire, United Kingdom
- Transaction Type
- Buyout
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