1SPATIAL (SPA) – Software
| Price: 66.8p +43.7% | P/E: 211x |
| Market Cap: £75m | Yield: n/a |
Geolocation data and software provider 1Spatial has agreed a possible cash offer for the business from rival UK firm VertiGIS at 73p per share compared with last night’s close of 46.5p per share.
The offer represents a 57% premium, valuing the company at just over £87 million, and has the support of its two largest shareholders Columbia Threadneedle and Cannacord who together own 33.8% of the capital.
Our View
VertiGIS is itself a leading provider of spatial asset management and GIS (geographic information systems) services, so it’s reasonable to assume it knows the 1Spatial’s business well and hasn’t just thrown a number out at random.
For 1Spatial shareholders, the 73p offer is not far off the highs of 2024, and given the obvious synergies between the two firms it’s hard to see anyone coming up with a convincing alternative.
Read the press release here: https://1spatial.com/investors/news/
Disclaimer: This content is for information only and is not investment advice. Always do your own research before investing. Click here to see full disclaimer.
