Wilmington plc Secures Spanish Clearance for Conversia Acquisition

Wilmington ( (GB:WIL) ) has shared an announcement.

Wilmington plc has received clearance in Spain to complete its acquisition of the RegTech software business, Professional Group Conversia, S.L.U. This acquisition is set to enhance Wilmington’s international presence in the GRC markets, particularly in the growing Spanish Data Privacy sector. The acquisition is expected to be earnings enhancing, with more than 70% of revenue being annually recurring. Wilmington has secured new debt facilities with HSBC Innovation Bank Limited and Barclays Bank PLC to fund the acquisition and support its corporate and working capital needs.

The most recent analyst rating on (GB:WIL) stock is a Hold with a £375.00 price target. To see the full list of analyst forecasts on Wilmington stock, see the GB:WIL Stock Forecast page.

Spark’s Take on GB:WIL Stock

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

Wilmington’s strong financial performance, characterized by robust revenue growth and solid profitability, is the primary driver of its stock score. However, technical indicators suggest a bearish trend, and the valuation appears high, which tempers the overall score. The absence of recent earnings call insights or notable corporate events limits additional context.

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

More about Wilmington

Wilmington plc is a leading provider of data, information, education, and training services in the global Governance, Risk, and Compliance (GRC) markets. The company employs over 1,000 people and operates in approximately 120 countries. Wilmington is listed on the main market of the London Stock Exchange.

Average Trading Volume: 136,325

Technical Sentiment Signal: Hold

Current Market Cap: £268.7M

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