Altus Group Sells Tax Unit to Fund Analytics Growth
Company Announcements

Altus Group Sells Tax Unit to Fund Analytics Growth

Altus Group Limited (TSE:AIF) has released an update.

Altus Group Limited has entered into a deal to sell its Property Tax business to Ryan, LLC for C$700 million, refocusing the company on its core Analytics business to drive growth and improve shareholder returns. The sale will fund investments in Analytics, a C$250 million share repurchase, and debt reduction, with the Analytics unit expected to generate significant revenue and margin growth by FY 2026. The strategic divestiture will sharpen Altus Group’s focus on commercial real estate software and analytics, offering enhanced financial flexibility and streamlined operations.

For further insights into TSE:AIF stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskAltus Group Sees Revenue Growth Amid Challenges
TipRanks Canadian Auto-Generated NewsdeskAltus Group Shows Revenue Growth and Strong Cash Flow
Austin AngeloIs AIF a Buy, Before Earnings?
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App