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Wilmington ( (GB:WIL) ) just unveiled an update.
Wilmington plc has announced its proposed acquisition of the Spanish RegTech software business Conversia for €121.6 million. This strategic move aims to enhance Wilmington’s position in the GRC markets, particularly in the Data Privacy sector, by leveraging Conversia’s market-leading status in Spain’s regulatory compliance market. The acquisition is expected to be earnings accretive in the first year and will be financed through a combination of existing cash and new debt facilities. Conversia’s subscription-based revenue model and significant growth potential in the Spanish SME market are seen as key advantages for Wilmington’s expansion strategy.
Spark’s Take on GB:WIL Stock
According to Spark, TipRanks’ AI Analyst, GB:WIL is a Outperform.
Wilmington’s strong technical indicators and attractive valuation are the main drivers of its robust stock score. The company’s strategic acquisitions and share buybacks further bolster its position. Although revenue has declined, strong profitability and a solid balance sheet provide a stable foundation.
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 within the global Governance, Risk, and Compliance (GRC) markets. The company is listed on the London Stock Exchange and operates in over 120 countries, employing more than 650 people.
Average Trading Volume: 78,126
Technical Sentiment Signal: Sell
Current Market Cap: £302.7M
For detailed information about WIL stock, go to TipRanks’ Stock Analysis page.