1Spatial raises funds for Star-Apic acquistion
1Spatial has raised 18m pounds through the placement of 300m shares to fund its acquisition of Star-Apic.
1Spatial has raised 18m pounds through the placement of 300m shares to fund its acquisition of Star-Apic.
The software company has agreed to acquire 75.14% of the issue share capital of Star-Apic for €5.1m.
Star-Apic, based in Belgium, is a provider of geographic information systems software and solutions, specialising in land and infrastructure management.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"I am delighted to announce the news today of our placing and subsequent acquisition of Star-Apic," said Chief Executive of 1Spatial, Marcus Hanke.
"1Spatial is a leading geospatial technology provider with the strategic goals to expand into other geographic markets, enhance and increase our product offerings, and support other vertical sectors."
1Spatial will also use the proceeds of the fundraising for additional working capital, to open a sales and support centre in the Middle East and for product development, marketing and further potential acquisitions.
Shares climbed 16.67% to 7.88p at 12:02 Friday.
RD
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Can Nvidia’s results defy the doubters?
Nvidia stock wobbled last week ahead of an earnings release that carries the weight of expectation of the entire AI industry. Will Nvidia’s results see the stock gain further?
-
UK regions where property tax proposal could hit homeowners hardest
Chancellor Rachel Reeves is rumoured to be considering stamp duty reform and a mansion tax on high-end homes but homeowners are being urged not to panic yet