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1Spatial ( (GB:SPA) ) has shared an announcement.
VertiGIS Ltd has agreed a recommended cash offer to acquire 1Spatial plc for 73 pence per share in a deal valuing the London-listed geospatial data software company at about £87.1 million, representing a premium of around 57% to its pre-offer closing price. The transaction, to be implemented via a court-sanctioned scheme of arrangement, aims to combine VertiGIS’s spatial asset management and GIS capabilities with 1Spatial’s location master data management platform to create a stronger global provider of GIS-enabled software and services, with complementary sector strengths and geographic footprints. The 1Spatial board, advised that the financial terms are fair and reasonable, intends to unanimously recommend the deal, and VertiGIS has already secured a mix of irrevocable undertakings and letters of intent covering roughly 52% of 1Spatial’s shares, positioning the company to be taken private under VertiGIS’s ownership and backed by technology-focused investment firm Battery.
The most recent analyst rating on (GB:SPA) stock is a Hold with a £72.00 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 stock score is primarily influenced by strong financial performance and technical indicators, despite concerns over valuation. The high P/E ratio and lack of dividend yield significantly impact the overall score.
To see Spark’s full report on GB:SPA stock, click here.
More about 1Spatial
1Spatial plc is a specialist in Location Master Data Management software and services, providing no-code, cloud-enabled tools and business applications that automate data governance and improve the quality and consistency of location data. Its solutions support customers across government and public safety, utilities, transportation and infrastructure, with a strong presence in the UK and Ireland, Europe, the US and Australia, and it also acts as a key distributor of VertiGIS products, notably VertiGIS Studio, in the UK and Irish markets.
Average Trading Volume: 139,914
Technical Sentiment Signal: Buy
Current Market Cap: £75.97M
For a thorough assessment of SPA stock, go to TipRanks’ Stock Analysis page.