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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