1Spatial Announces Possible Acquisition by VertiGIS

1Spatial ( (GB:SPA) ) has shared an announcement.

1Spatial has announced a possible cash offer from VertiGIS Ltd, backed by Battery Ventures, to acquire the entire issued and to be issued ordinary share capital of the company at 73 pence per share, valuing it at approximately £87.1 million. The offer represents a significant premium over recent trading prices and has received support from major shareholders, with the Board intending to recommend the offer should it be made firm. The acquisition is expected to accelerate 1Spatial’s strategy under private ownership, enabling greater investment and expansion, while aligning with VertiGIS’s capabilities to enhance product adoption and international distribution.

The most recent analyst rating on (GB:SPA) stock is a Hold with a £49.00 price target. To see the full list of analyst forecasts on 1Spatial stock, see the GB:SPA Stock Forecast page.

Spark’s Take on GB:SPA Stock

According to Spark, TipRanks’ AI Analyst, GB:SPA is a Neutral.

1Spatial’s overall stock score is driven by strong corporate events and solid financial performance, despite concerns over valuation and technical indicators. The company’s strategic contract wins position it well for future growth, but high P/E ratio and technical weaknesses suggest caution.

To see Spark’s full report on GB:SPA stock, click here.

More about 1Spatial

1Spatial is a company operating in the geospatial technology industry, providing software and SaaS solutions that focus on location data management and spatial asset management. The company serves various sectors including utilities, government, telecommunications, and infrastructure, aiming to connect business processes with spatial solutions.

Average Trading Volume: 146,808

Technical Sentiment Signal: Sell

Current Market Cap: £51.95M

For an in-depth examination of SPA stock, go to TipRanks’ Overview page.