Eleco plc Expands Capabilities with Acquisition of PEMAC

Eleco ( (GB:ELCO) ) has shared an announcement.

Eleco plc has announced the acquisition of PEMAC, an Irish leader in SaaS Computerised Maintenance and Management Software, for €6.0m with potential additional payments. This acquisition strengthens Eleco’s position in asset and maintenance management, enhancing its capabilities in the manufacturing and regulated industries. PEMAC’s expertise and customer base, including major companies like Coca Cola and Heineken, will complement Eleco’s existing offerings, fostering growth and technological advancements. The move is expected to improve Eleco’s competitiveness in the rapidly evolving market, particularly in Ireland and the UK, as the company aims to meet the increasing demand for improved work practices in manufacturing.

More about Eleco

Eleco plc is an AIM-listed international provider of software and related services focused on the built environment. The company operates through brands like Elecosoft, BestOutcome, Vertical Digital, and Veeuze, with a presence in the UK, Ireland, Sweden, Germany, the Netherlands, Romania, and the USA. Eleco’s software solutions are utilized throughout the building lifecycle, aiding in project management, estimation, visualization, Building Information Modelling (BIM), and property management.

YTD Price Performance: -4.41%

Average Trading Volume: 45,269

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £117.5M

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