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Investing.com -- GB Group PLC (LON:GBG) has acquired DataTools Pty Ltd, a provider of address validation and data quality solutions in Australia and New Zealand, for AUD $16.0 million (£7.9 million).
The acquisition adds scale to GBG’s existing operations in a region where it is already experiencing strong growth, the company said in a statement on Thursday.
DataTools, which has partnered with GBG for over ten years, operates on a software-as-a-service revenue model with over 90% recurring revenue from more than 700 customers across retail, finance, government, and healthcare sectors.
For the twelve months ending June 30, 2025, DataTools generated AUD $5.0 million (approximately £2.4 million) in revenue with a strong EBITDA margin.
GBG funded the acquisition through its existing revolving credit facility and expects the transaction to be immediately accretive to earnings per share and group margins.
"We are delighted to welcome the experienced team at DataTools to GBG. This combination will strengthen our position in the ANZ market," said Dev Dhiman, CEO of GBG.
"Efficient and disciplined capital allocation that drives improved returns for shareholders is a core element of GBG’s strategy. We are very pleased to be able to announce this financially attractive bolt-on acquisition, bringing greater scale and expertise in one of our core geographies," Dhiman added.
The acquisition is described as highly complementary, enabling broader coverage and enhanced capabilities in the Australia and New Zealand region, with opportunities to pursue upsell and cross-sell with GBG’s existing identity customer base.
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