LONDON: The Board of Eleco plc (AIM: ELCO), the specialist software provider for the built environment, has sold its wholly owned subsidiary Veeuze GmbH, a German-based visualisation business, to 3A Consult UG via a management buy-out. The Board believe that the Disposal reinforces the Group’s strategic focus on its core and higher growth Building Lifecycle…
LONDON, UK: Eleco plc (AIM: ELCO) wholly owned subsidiary Elecosoft Ltd has acquired 100% of the share capital of Vertical Digital group of companies, consisting of Vertical Digital SRL and Sons of Coding SRL for an initial consideration of €1.3m (c£1.1m), exclusively financed by the Company’s internal cash resources. Vertical Digital has a proven track…
LONDON, UK: Eleco Plc (AIM: ELCO), a specialist software provider for the built environment, has announced that it has bought BestOutcome Limited, a UK-based SaaS business that offers project portfolio management (PPM) software, for an initial cash consideration of £4.825m (an adjusted initial value of £3.525m on a cash-and-debt-free equivalent). The deal will be funded…
LONDON, UK: The Board of Eleco Plc (AIM: ELCO), the AIM-listed construction and building software specialist, announced the sale of its wholly owned subsidiary Eleco Software GmbH, the German Arcon architectural CAD business (Arcon), to FirstInVision GesmbH, an Austrian architectural software business, for a total consideration of €600,000. The transaction supports the Group’s strategy to…