Ideagen (IDEA)

Sector:

IT Services

Index:

FTSE AIM 100

163.50p
   
  • Change Today:
    -1.50p
  • 52 Week High: 207.00
  • 52 Week Low: 138.00
  • Currency: UK Pounds
  • Shares Issued: 226.62m
  • Volume: 37,522
  • Market Cap: £370.52m

Ideagen buys InspectionXpert for up to $7m

By Michele Maatouk

Date: Wednesday 05 Sep 2018

LONDON (ShareCast) - (Sharecast News) - AIM-listed Ideagen has announced the acquisition of digital inspection specialist InspectionXpert Inc (IX) for up to $7m.
The consideration includes $5m payable on completion, $1m deferred for 12 months and an earn-out of up to $1m payable in December 2019 subject to the achievement of certain performance targets. It will be funded from the group's existing cash reserves and debt facility.

IX, which has more than 1,000 customers, is a profitable and growing software as a service company that has developed a digital quality inspection solution for the advanced engineering and manufacturing sector.

Ideagen said the deal - which is expected to be earnings-neutral this year and in the first full year of ownership - will contribute $0.7m additional earnings before interest, taxes, depreciation and amortisation, following the realisation of identified synergies.

In addition, it said the acquisition supports its global growth strategy and consolidates its position within the fast-growing quality inspection market.

Executive chairman David Hornsby said: "IX is a valuable addition to Ideagen and is in line with our strategy of acquiring GRC business that have strong IP and healthy recurring revenues. Increasingly OEMs are driving automated inspection initiatives through their supply chains in order to reduce costs and improve product quality. This acquisition further consolidates our position within the fast-growing quality market and strengthens our US presence.''

At 1450 BST, the shares were down 1.1% to 155.70p.

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Ideagen Market Data

Currency UK Pounds
Share Price 163.50p
Change Today -1.50p
% Change -0.91 %
52 Week High 207.00
52 Week Low 138.00
Volume 37,522
Shares Issued 226.62m
Market Cap £370.52m

Ideagen Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.53% below the market average99.53% below the market average99.53% below the market average99.53% below the market average99.53% below the market average
95.83% below the sector average95.83% below the sector average95.83% below the sector average95.83% below the sector average95.83% below the sector average
Price Trend
65.20% above the market average65.20% above the market average65.20% above the market average65.20% above the market average65.20% above the market average
49.51% above the sector average49.51% above the sector average49.51% above the sector average49.51% above the sector average49.51% above the sector average
Income
95.74% below the market average95.74% below the market average95.74% below the market average95.74% below the market average95.74% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
84.32% above the market average84.32% above the market average84.32% above the market average84.32% above the market average84.32% above the market average
84.95% above the sector average84.95% above the sector average84.95% above the sector average84.95% above the sector average84.95% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ideagen Dividends

  Latest Previous
  Interim Final
Ex-Div 27-Feb-20 07-Nov-19
Paid 18-Mar-20 26-Nov-19
Amount 0.10p 0.19p

Trades for 14-Jul-2020

Time Volume / Share Price
14:02 607 @ 162.90p
13:32 4,320 @ 162.84p
13:25 400 @ 162.84p
12:42 913 @ 162.90p
12:35 150 @ 162.90p

Ideagen Key Personnel

CEO Ben Dorks
COO Barney Kent
CFO Emma Hayes

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