Iomart bids Concepta Capital takeover

The initial consideration, debt settlement and any earn out consideration will be financed through a combination of existing bank facilities and cash on the company’s balance sheet.

By TTC Newsroom

4 Mins

August 07, 2022 | 4:31 PM BST

Iomart bids Concepta Capital takeover

Reece Donovan, CEO of iomart Group plc. Source: iomart

The Tech Capital

Cloud computing business iomart Group plc (AIM: IOM) has agreed to acquire the entire issued share capital of Concepta Capital Limited, a holding company of a group of companies which includes the ORIIUM and Pavilion IT brands, for an initial cash consideration of £10.5 million (US$12.68 million).

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