MRI Software Acquires Castleton Technology Plc
April 15, 2020
MRI Software entered into an agreement to acquire Castleton Technology Plc, a UK-based provider of cloud-based software and services for the social housing sector, in a transaction announced April 15, 2020. The acquisition (announced at ~£82.8m in press coverage) is intended to extend MRI's residential and social-housing capabilities, accelerate Castleton's cloud technology development and expand MRI's scale in the UK and Australian social housing markets.
- Buyers
- MRI Software, Harvest Partners
- Targets
- Castleton Technology Plc
- Sellers
- A group of Castleton Technology plc shareholders
- Industry
- Software
- Location
- United Kingdom
- Transaction Type
- Buyout
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